The Central Reserve Bank of Peru published labour market data showing the formal-sector real wage bill rose 7% in October 2025 compared with October 2024, reflecting continued increases in formal employment and remuneration. In the private sector, the formal real wage bill increased 7.6% year on year in October, driven mainly by stronger momentum in services and trade, extending the improvement to 19 consecutive months. The Bank defined the wage bill as the product of average income and the total number of formal jobs, based on electronic payroll data.
Central Bank of Peru 2025-12-22
Central Reserve Bank of Peru reports formal real wage bill up 7% year on year in October 2025
The Central Reserve Bank of Peru reported a 7% year-on-year increase in the formal-sector real wage bill for October 2025, indicating ongoing growth in formal employment and wages. The private sector saw a 7.6% rise, primarily due to gains in services and trade, marking 19 consecutive months of improvement. The wage bill is calculated from average income and total formal jobs using electronic payroll data.