Figure 2

Percent of real earnings lost to inflation that was regained due to increased nominal pay, Egypt 2008 to 2009. Source: Authors’ compilation from HIECPS (Feb 2008 to Feb 2009 (CAPMAS 2009)). Notes: This figure shows the change in nominal earnings for a given percentile in the earnings distribution as a percentage of the loss in real earnings that would have been experienced due to increased inflation if nominal earnings were the same in 2008 and 2009. The first percentile value (−161) has not been shown as it distorts the scale. Negative percentages imply that nominal earnings have declined between 2008 and 2009 for that percentile of the earnings distribution.