Spain labor minister sets deadline for 2027 minimum wage hike tied to CPI

Spain's Labor Minister Yolanda Díaz has given an expert committee less than a month to propose the 2027 minimum wage increase, mandating that purchasing power be preserved, implying at least a CPI-linked rise. With September CPI accelerating to 4.9%, this signals a significant wage adjustment that could impact labor costs and inflation dynamics. The move reflects ongoing political pressure to protect real wages amid rising prices.