Egypt’s private-sector minimum wage will rise by 11% in July after the National Council for Wages (NCW) decided to increase the threshold for the second time this year to support workers amid soaring inflation.
The private-sector firms will have to pay their employees at least EGP 3,000 a month starting July 1, up from EGP 2,700, the Planning Ministry said.
Three currency devaluations have helped to push inflation to a near-record high of 35.7% in June, placing pressure on low-income households.
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