To ensure further price stability across the country, Egypt announced that it has developed a mobile application to enable users to view and report commodity prices.

Named Price Radar, the cabinet revealed in a statement that users will be able to look up and compare prices of items in nearby stores, and contribute to the app by adding details such as item prices, store names, and location.

The Information and Decision Support Center (IDSC) is coordinating with the Consumer Protection Agency to develop a separate application for complaints and reports about products sold in local markets. The cabinet stated that the applications are set to launch in July.

During a meeting with the Prime Minister, Deputy Prime Minister and acting head of the IDSC, Osama El-Gohary, reviewed the changes in prices for several strategic commodities, including sugar, cooking oil, and pasta.

Commodity prices in commercial chains declined 9-29% across 23 governorates within a week of the government instructing local manufacturers, suppliers, and retailers to lower prices by the end of the Eid Al Fitr holiday.

El-Gohary reviewed future initiatives to stabilize market prices, highlighting several proposals including sharing data on food production and distribution companies registered with the Ministry of Supply and Internal Trade, and a new electronic tracking system for strategic products to monitor production, distribution, and storage volumes.