Peru's Minimum Wage Increase to S/1,300 in Two Stages
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The Minister of Economy and Finance, Elmer Cuba, announced that the Minimum Vital Remuneration (RMV) in Peru will increase progressively to reach S/1,300. The first increase of S/100 will occur in November 2026, followed by a second increase of S/70 in April 2027. The Government aims to balance worker income improvement with price and business cost stability. The General Confederation of Workers of Peru (CGTP) considers the increase insufficient and demands a higher figure of S/1,500.
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