Brazil to Raise Minimum Wage 9% to 678 Reais, Folha Reports

Brazil’s minimum wage will increase to 678 reais ($326) per month in January, Folha de Sao Paulo reported, citing President Dilma Rousseff’s chief of staff Gleisi Hoffmann.

The new figure, which would be 9 percent above the current 622-reai minimum wage, will be published in the official gazette on Dec. 26, the publication reported Hoffmann as saying.

To contact the reporter on this story: David Biller in Rio de Janeiro at dbiller1@bloomberg.net.

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.

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