Peru's President Keiko Fujimori signed a decree on Monday raising the country's monthly minimum wage, according to officials. The increase takes effect immediately, raising the minimum wage from 1,130 soles (approximately $332) to 1,230 soles (approximately $362).
The decree was signed during a ceremony at the Government Palace in Lima. Vice President and Prime Minister Luis Galarreta attended, along with Labor Minister Juan Sheput and Economy and Finance Minister Elmer Cuba, among other political representatives.
The wage increase represents an addition of 100 soles (approximately $29) to the monthly minimum. Fujimori stated that the decision was made "in an institutional manner" and announced the measure two months into her administration.
A second phase of the wage increase is scheduled for mid-2027. According to officials, the minimum wage will rise further to 1,300 soles (approximately $382) in that subsequent adjustment.
At the signing ceremony, Fujimori remarked that the day represented "a very special day, which above all gives a signal of hope: the Government is advancing." She noted that the wage increase had been announced during her campaign and was now being implemented.