Mexican President Claudia Sheinbaum said she plans to hike the minimum wage by about 12% in 2025 and subsequent years, increases that would be well above inflation in Latin America’s second-largest economy.
Sheinbaum’s goal is to increase the minimum wage until it covers the cost of roughly two and a half basic food baskets, she said Thursday at her daily press conference. Annual inflation was 4.66% in early September and the central bank targets consumer price rises at 3%, plus or minus one percentage point.
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Publish date : 2024-10-03 05:34:00
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