News

Medicine Prices in Egypt Increased by up to 20%

Medicine Prices in Egypt Increased by up to 20%

A pharmacist searches for medicine at a pharmacy in Cairo, Egypt, November 17, 2016. REUTERS/Mohamed Abd El Ghany
A pharmacist searches for medicine at a pharmacy in Cairo, Egypt, November 17, 2016. REUTERS/Mohamed Abd El Ghany

Egyptian Minister of Health Ahmed Emad said on Wednesday that the Egyptian cabinet has approved a decision to raise prices of 3,000 drugs in Egypt.

According to the Minister, the increases will be applied according to the type of medicine. For locally produced medicine, price increases of up to 15 percent were implemented. For imported medicine, prices have increased by up to 20 percent.

However, there will be no increase in price for long-term medication, announced the Minister. Moreover, the increase in prices will not impact any medicine produced before Wednesday’s announcement. Therefore, a box of pills with a production date of 1 January 2017, for example, will not be subject to a price increase.

The announcement comes less than two weeks after Egypt’s President Abdel Fattah Al-Sisi urged the Ministry of Health to increase the supply of medicine and set “reasonable” and “affordable” prices. The Egyptian President had also called on the Ministry to import drugs that would not otherwise be available in Egypt.

Egypt has been struggling from a shortage of certain medicine in recent months. However, the government has allocated hundreds of millions of dollars to fill the gap, particularly in relation to medicine described as essential or widely used.

This is not the first time medicine prices have increased in Egypt in recent years. In May 2016, the cost of medicine less than EGP 30 was increased by up to 20 percent.

Egypt’s cost of living has increased in recent months following the floating of the Egyptian pound. According to CAPMAS, annual urban consumer price inflation jumped to 23.3 percent in December from 19.4 percent in November.

Egyptians Invest EGP 13 Billion in Dubai Real Estate in 2016
Egypt Prevents 12,192 from Illegally Migrating in 2016

Subscribe to our newsletter


News

More in News

Mohamed Salah Stands by Controversial Amr Warda Comments in New CNN Interview

Egyptian StreetsAugust 20, 2019

Egyptian Eco-Startup and Banque du Caire Launch Campaign to Clean Up Sahel’s Beaches

Egyptian StreetsAugust 20, 2019

Baron Palace Will Open its Doors in October 2019

Nour EltiganiAugust 19, 2019

Egypt’s Handball Champions Awarded Just $90 Dollars for Historic Victory by Federation

Egyptian StreetsAugust 19, 2019

Egypt U19 Handball Team Beat Germany to Become World Champions

Egyptian StreetsAugust 18, 2019

This Year’s Round of ‘ProGirls’ Initiative Begins in Cairo and Alexandria

Egyptian StreetsAugust 18, 2019

First Time Ever: Egypt Reach U-19 Handball World Championship Finals

Egyptian StreetsAugust 18, 2019

Cairo University Jumps 100 Ranks in 2019 Shanghai Academic Ranking

Egyptian StreetsAugust 17, 2019
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.