The Central Bank of Peru published labour market data showing the formal wage bill, measured in real terms, grew 7.1% in November 2025 compared with the same month in 2024, reflecting both higher pay and an increase in formal jobs. Within this, the private sector wage bill rose 6.7% year on year in real terms, supported mainly by stronger momentum in services and commerce, extending the improvement to 20 consecutive months. The wage bill is defined as average income multiplied by the total number of formal jobs.
Central Bank of Peru 2026-01-22
Central Bank of Peru reports 7.1% rise in real formal wage bill in November 2025
The Central Bank of Peru reported a 7.1% year-on-year increase in the formal wage bill for November 2025, driven by higher pay and more formal jobs, with the private sector wage bill rising 6.7% due to growth in services and commerce.