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Keiko Fujimori announces minimum wage increase in Peru in two phases

President Keiko Fujimori formalized an increase in the Minimum Vital Remuneration, which will reach S/1,300 by 2027.

Keiko Fujimori announces minimum wage increase in Peru in two phases
Photo: Congreso de la República del Perú · Wikimedia Commons · CC BY 2.0

The President of the Republic, Keiko Fujimori, has officially announced an increase in the Minimum Vital Remuneration (RMV) in Peru. According to the supreme decree signed by Fujimori, this increase will be applied in two phases, starting with an initial increase of S/100, raising the minimum wage to S/1,230 from October 1.

The increase was announced by the Minister of Labor, Juan Sheput, who detailed that this first phase is part of a progressive plan that will bring the RMV to S/1,300 in the first half of 2027. The second part of the increase is set to be S/70, although an exact date for its implementation has yet to be determined.

The government has indicated that the increase will benefit approximately 600,000 workers in the country. However, the General Confederation of Workers of Peru (CGTP) has raised concerns about the decision, suggesting that a single increase should have been implemented to reach the total amount of S/1,300.

Keiko Fujimori announces minimum wage increase in Peru in two phases
Photo: Keiko_Fujimori.jpg : Congreso de la República del Perú derivative work: Athenchen ( talk ) · Wikimedia Commons · CC BY 2.0

The increase has been met with mixed opinions. While some view it as a step toward improving labor conditions, others, such as the president of the CGTP, Luis Villanueva, argue that it should have been established all at once.

The minimum wage increase is part of other government measures aimed at supporting vulnerable sectors, including a bonus for microenterprises, which was also announced recently. These changes are expected to contribute to the country’s economic recovery.

The decree was published against the backdrop of recent discussions between the government and social actors in the National Labor Council, where no clear agreement was reached regarding the increase.