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The Egyptian government will increase the minimum wage paid to the private sector to 3,500 Egyptian pounds ($113) per month starting on January 1.
Over the previous two years, headline inflation in Egypt has increased significantly, hitting a record high of 38% in September before falling to 35.6% in November.
According to Reuters, the government last raised the minimum wage on July 1st, when it was set at 3,000 pounds.
