With inflation, the minimum wage will automatically increase by 2.65% on May 1 – France Bleu

While inflation reached 4.5% in March, according to INSEE figures, the Smic will automatically increase by 2.65% on May 1, the Ministry of Labor announced on Friday. Since January 1, the amount of the gross minimum wage has been 1,603.12 euros, compared to 1,589.47 euros on October 1, 2021. An estimate at the end of March But this is not a surprise since at the end of March, the Ministry of Labor had indicated that the rise in the minimum wage would be between 2.4 and 2.6%. Result for a full-time, the monthly minimum wage will be 1,645.58 euros gross, or about 42.50 euros more. Net, it will go from 1,269 to 1,302.64 euros. The gross hourly minimum wage will drop from 10.57 to 10.85 euros. Unprecedented inflation since the 80s Inflation reached 4.5% over one year in March, a level not seen since the 1980s, according to figures published this Friday by INSEE After 3.6% in February, the rise in the consumer price index stood at 4.5% in March. It is the rise in energy prices that explains this acceleration, which rose again by 29.2% in March, after +21.1% in February. Petroleum products remain particularly concerned, (+43.5%), a consequence of tensions on the markets with the war in Ukraine. Food prices recorded an increase of 2.9%, after 2.1% in February. Fresh products in particular experienced an increase of 7.6% over one year.