It is a very French specificity.
Depending on the final evolution of consumer prices for the month of August, which will be unveiled on September 15 by INSEE, the minimum wage may well increase, starting on October 1.
"
Our minimum wage has a singularity, when prices increase, especially for those who have the expenditure constraints which weigh the most in their budget, it increases automatically
", recalled Monday morning on BFTMV the Minister of the Economy, Bruno Le Maire.
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Indeed, as required by the provisions of the Labor Code, the minimum wage is automatically revalued when inflation exceeds 2% since its last revaluation.
The conditions are not far from being met for the next increase to take place on October 1.
According to the provisional estimate published last Tuesday by INSEE, the rise in consumer prices accelerated sharply in August to 1.9% over one year.
Or at 0.1% of the threshold which results in an increase in
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