The minimum wage will automatically increase on May 1 by 2.65%, i.e. a monthly increase of around 34 euros net, due to the high inflation recorded since November (AFP/Archives/PHILIPPE HUGUEN)
The minimum wage will automatically increase on May 1 by 2.65%, i.e. a monthly increase of around 34 euros net, due to the high inflation recorded since November, the Ministry of Labor told AFP on Friday.
For a full-time worker, the monthly minimum wage will be 1,645.58 euros gross. 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.
In France, the purchasing power of minimum wage workers is protected by an automatic revaluation mechanism enshrined in law, which ensures that the minimum wage increases at least as fast as inflation affecting households with the lowest incomes.
According to the final results of the consumer price index for March published by INSEE on Friday, inflation excluding tobacco between November 2021 and March 2022 stands at 2.65% for the 20% of households having the lowest incomes.
In January, the Smic had increased by 0.9% after an exceptional increase of 2.2% in October, already due to inflation.
Over one year (from May 2021 to May 2022), the Smic will have increased by 5.9%, or 72 euros net.
© 2022 AFP
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