Overview
- Banamex projects an increase of about 11% to the general minimum wage next year, putting it near 309.5 pesos per day.
- President Claudia Sheinbaum said her administration will pursue a 2026 adjustment similar to 2025, aligning with the goal of reaching 2.5 basic food baskets by 2030.
- The bank does not expect an accelerated inflation surge in 2026 from the projected raise, though it notes past wage gains kept service inflation persistent.
- Analysts warn the continued pace could lift labor costs, discourage hiring and strain small and mid-sized firms, with spillovers to nearby wage tiers via a lighthouse effect.
- The adjustment is typically set using a MIR plus a percentage fixation and, if approved, would take effect on January 1, following years of increases linked to measured reductions in income poverty.