Peru announces first S/100 minimum wage hike tranche for October, second in 2027

Peru's Labor Minister Juan Sheput announced the first tranche of a minimum wage increase (S/100) will be paid in October, with a second tranche of S/70 scheduled for April or May 2027. Economy Minister Elmer Cuba also announced a temporary S/100 bonus for MYPEs. The measure is framed as non-populist, but timing and fiscal impact remain uncertain.