Amid the debate over the adjustment of the legal minimum wage (SML) in Paraguay, the Minister of Industry and Commerce, Marco Riquelme, suggested that any change to the calculation formula should only be applied next year, so as not to surprise businesses. The National Council of Minimum Wages (Conasam) will meet again this Wednesday.
Índice de Precios al Consumidor
Indicador económico que mide la variación de precios de bienes y servicios en Paraguay.
The president of the Paraguay Importers Center (CIP), Iván Dumot, stated that the fall of the dollar has already led to price reductions in some sectors, but that the impact on the basic basket is limited due to the predominance of domestic products in the consumption of lower-income families.
The National Minimum Wage Council (Conasam) faces an impasse over the minimum wage adjustment, with employers advocating strict application of the law based on the CPI and workers demanding a 22% increase. The government is considering modernizing the basic basket, while unions accuse the Central Bank of manipulating inflation.