Overview
- The adjustment addresses the July–October inflation gap calculated at about 3.8% from IPEC data showing 8.8% accumulated inflation.
- Workers whose raises fell below 8.8% will receive compensatory increases, while those above that mark will get a fixed 30,000‑peso payment.
- November pay will include the scheduled 1% rise, lifting salaries to 9.8% above June levels, and December will reach 10.8% with another 1%.
- The measure will be reflected in November payroll and will also impact pensioners, according to Economy Minister Pablo Olivares.
- Teachers’ union Amsafé rejected the plan as insufficient and called for wage talks to be reopened.