The Central Bank of Peru published labour market indicators showing that the formal wage bill, measured in real terms, increased by 6.9% year on year in December 2025. The rise was attributed to sustained growth in formal employment, with the number of jobs up 4.1% based on electronic payroll data. The private-sector wage bill grew 6.1% in real terms year on year, supported mainly by stronger momentum in services and commerce, extending a run of 21 consecutive months of improvement. The central bank defined the wage bill as average income multiplied by the total number of formal jobs.
Central Bank of Peru reports formal wage bill rose 6.9% in real terms in December 2025
The Central Bank of Peru reported a 6.9% year-on-year increase in the formal wage bill in December 2025, driven by a 4.1% rise in formal employment. The private-sector wage bill grew 6.1%, with notable gains in services and commerce sectors.