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In line with the most recent inflation figures supplied by INSEE, a rise within the minimal wage in sight on October 1.
The minimal wage will see an automated enhance on October 1, on account of a 2.2% enhance within the value index serving as a foundation for attainable revaluations, based on the determine printed on Wednesday by INSEE, which additionally confirms a 1.9% acceleration in inflation in August over one 12 months.
“This rise in inflation leads to specific from the rebound within the costs of manufactured merchandise (+ 1.1% after -1.1%)”, these of vitality, meals and companies, explains the Institute. nationwide statistics in a press launch.
“The patron value index excluding tobacco for households within the first quintile of the distribution of dwelling requirements (…) is up by 2.2%” in comparison with November 2020, the reference month over the past revaluation of the minimal wage on January 1, provides INSEE.
This improvement opens the best way to a rise within the minimal wage, since based on the Labor Code, a rise of at the very least 2% should result in a rise within the minimal wage on October 1.
The quantity will probably be identified throughout the day
The precise quantity of the minimal wage revalued on October 1 ought to be communicated throughout the day by the Ministry of Labor.
The minimal wage was elevated by 0.99% on January 1 to achieve 1,554.58 euros gross per thirty days, a rise of 15 euros. This enhance, which corresponded to an automated revaluation of the minimal wage, introduced the gross hourly quantity to 10.25 euros.
Annually, some unions, such because the CGT which claims a minimal wage of 1,800 euros, ask the federal government to transcend the automated enhance, however the final “enhance” dates again to July 2012 the day after the election of Socialist President François Hollande.
The governments that adopted shunned any one-off enhance, arguing that it could damage the employment of the much less expert. Intimately, the rise in costs for meals (+ 1.3%), vitality (+ 12.7%) and companies (+ 0.7%) continued in August.
The harmonized client value index (ICPH), which serves as a foundation for comparability at European degree, elevated by 2.4% over one 12 months, after + 1.5% in July. Over one month, it rose 0.7% after + 0.1% the earlier month.