Overview
- President Claudia Sheinbaum said a new minimum-wage adjustment for 2026 is coming soon, continuing the multi-year policy to lift basic incomes.
- Banamex estimates a nominal 11% increase next year to roughly 309.5 pesos per day, in line with the administration’s path toward a 2030 target tied to basic food baskets.
- The bank warns higher pay can add price pressure, citing persistent services inflation and recalling the 2019 border increase, when a VAT cut helped temper price effects.
- Banamex does not expect an accelerated inflation surge in 2026 but flags risks to employment and firm costs, with particular strain likely for smaller businesses.
- Since 2018 the general minimum wage has climbed from 88.36 to 278.80 pesos in 2025, a rise linked by official data to reductions in poverty, and experts urge parallel policies in productivity, infrastructure, human capital, and female labor participation.