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Latinnews Daily - 02 January 2018

In brief: Brazil

* Via decree, President Michel Temer has set the monthly minimum wage for 2018 at R$954 (US$288), up just R$17 (US$5) from 2017. The minimum wage did not rise as much as inflation and this represents the smallest increase in the past 24 years. “The government could not authorise a bigger increase. There is no other decision the government could have taken…But it is still a good piece of news because inflation is very low,” said the minister for planning, development & budget, Dyogo Oliveira.

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