Brazil Government Proposes R$1,088 Minimum Wage in 2021, Covering Inflation Estimate

The minimum wage for 2021 should only be confirmed in January, when the government will have the consolidated inflation data for 2020.

RIO DE JANEIRO, BRAZIL - The federal government has forwarded to Congress its projection of R$1,088 for the minimum wage in 2021, with no real increase over projected inflation. The monthly wage floor in 2020 is R$1,045.

The estimate considers the Ministry of Economy's projection for the 2020 NCPI (National Consumer Price Index) inflation of 4,11%. The indicator is used by the government to readjust the minimum wage.

In April, when it submitted the Budget Guidelines Law Proposal, the government estimated that the minimum wage for 2021 would stand at R$1,079. However, higher . . .

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