Inflation: automatic increase of the minimum wage by 2.65% from May 1, how much does this represent? – Free lunch

On May 1, the minimum wage will automatically increase by 2.65% due to high inflation. If due to the overall price increase, this revaluation shouldn’t really have an impact on your budget, here’s how much it represents. New on your payslip from May. This Friday, April 15, the automatic rise in the minimum wage was unveiled. The minimum growth wage will indeed increase by 2.65% on May 1, the Ministry of Labor announced. This increase is the direct consequence of inflation, which reached 4.5% in March, INSEE said on Friday, quoted by France Info. How much does this represent? For the monthly minimum wage, the amount will now be set at 1,645.58 euros gross. Net, it will increase from 1,269 to 1,302.64 euros, an increase of 33 euros and 64 cents per month. The gross hourly minimum wage will drop from 10.57 to 10.85 euros. What explains this increase? The Labor Code provides that “when the national consumer price index reaches a level corresponding to an increase of at least 2% compared to the index observed” when establishing the “immediately prior” minimum wage, the minimum wage is raised “in the same proportion” the following month, recalls the Huffington Post.