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Peru hikes minimum wage 10%, to around $300 a month

Summary by Q Costa Rica
Q24N (Reuters) Peruvian President Dina Boluarte on Friday announced that the minimum wage will rise 10% starting next year to just over $300 per month, as the Andean nation shows signs of an economic recovery after slipping into a recession last year. Boluarte, in a televised speech, said that the minimum wage will rise to 1,130 soles ($301.90) per month, from the previous 1,025 soles. It marks the first minimum wage increase since May 2022 unde…
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It is official the increase of the RMV. Months after President Boluarte announced in her message to the Nation of Patriotic Holidays the possible increase of the minimum salary, in the last days has taken force the possibility that this increase will be before the end of the 2024. The last increase of the minimum vital remuneration occurred in the management of Pedro Castillo more than two years ago, and today with Dina Boluarte as president, ra…

·Lima, Peru
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The increase in the minimum wage in Peru has led to changes in the remuneration of different workers such as those who work at night from 10:00 p.m. to 6:00 a.m. With the increase in the Vital Minimum Remuneration (RMV) that has been in place since January 1, 2025, the wages of these employees will also be increased. In the development of this note we tell you more details about this.

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Q Costa Rica broke the news in on Monday, January 6, 2025.
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