Brazilian President Dilma Rousseff on Tuesday decreed a minimum wage increase of 11.6 percent despite economic woes.
Starting from Jan. 1, monthly minimum wages will rise from the current 788 reais to 880 reais (204 to 228 U.S. dollars). The increase tops Brazil's double-digit inflation of 10.28 percent.
The measure would have a direct impact on some 40 million workers and retirees, said Rousseff. Brazil bases its minimum wages on economic growth over the previous two years and the latest annual national consumer price index.
Latest comments