When does the minimum wage increase again in Chile?
In Chile, the minimum wage It already experienced a significant increase during 2024, but a new readjustment is looming for the beginning of 2025. This process is part of the current law that seeks to maintain the purchasing power of workers, especially in the face of economic fluctuations. The recent increase, which raised the minimum wage from $460,000 to $500,000 in July of this year, benefited a wide swath of workers between 18 and 65 years old.
The next minimum wage adjustment is scheduled for January 1, 2025. This increase It will be determined automatically based on the Consumer Price Index (CPI), a key indicator that measures the variation in prices of goods and services in the country. The CPI for the months of July to December 2024 will be taken into account to define how much the minimum wage will rise next year.
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