LatinNews Daily - 09 November 2022

In brief: Mexico’s López Obrador weighs in on minimum wage hike

*Mexico’s President Andrés Manuel López Obrador has said that “inflation should not be used as an excuse for not increasing the minimum wage”. He made his comments in his daily press conference where he said that leading private sector lobby, Coparmex, had proposed a 15% increase and “we are looking at this”. Mexico’s inflation slowed in the first half of October to 8.53%, a slight decrease on the annual inflation of 8.64% registered in the previous two weeks. López Obrador said that he expected Mexico’s national minimum salary commission (Conasami) a decision on the new wage increase in December.

End of preview - This article contains approximately 102 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.