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Mexico Firms Expect Wages to Rise More Than CPI, Excelsior Says

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Dec. 7 (Bloomberg) -- Mexican business association Coparmex expects the government to approve an increase in the minimum wage for 2011 higher than next year’s expected rate of inflation, newspaper Excelsior reported, citing the group’s president Gerardo Gutierrez.

Mexico’s National Minimum Wage Commission usually announces the increase for the following year in December. Inflation will be 3.8 percent in 2011, according to a survey of economists released by the central bank on Dec. 1.

To contact the reporter on this story: Jens Erik Gould in Mexico City at jgould9@bloomberg.net

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

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