Rousseff Supports Brazil Minimum Wage of 543 Reais

Brazil’s President Dilma Rousseff has agreed to raise the minimum wage to 543 reais ($326) per month from the 540 reais that took effect Jan. 1 to compensate for faster inflation last year, the government’s leader in the lower house of congress said.

Rousseff plans to fulfill the government’s accord with unions that established a formula for minimum wage increases equal to inflation, as measured by the INPC price index, plus the gross domestic product growth rate two years earlier, lawmaker Candido Vaccarezza said.