News Daily Spot: Rousseff increases the minimum wage of Brazil's 11.6%

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Rousseff increases the minimum wage of Brazil's 11.6%

The Brazilian government today announced a 11.6% increase in the minimum wage of workers in the country from next January 1.


With this increase, including a decree signed by President Dilma Rousseff, the minimum wage will reach 880 Brazilian reais, equivalent to $ 228 depending on the exchange today.

"The government gives continuity to its policy and appreciation of the minimum wage, which has a direct impact on 40 million workers and retirees currently receiving the wage floor," says the brief note that the increase is announced.

Thus the accumulated inflation this year is compensated, according coincide private analysts and the Central Bank will close by about 11%.

According to the note, the decree will be published tomorrow, Wednesday, in the Official Journal and the new value of the minimum wage shall enter into force on 1 January.

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