This report updates the Anker Living Wage Reference Value for rural Peru to 2024. This was PEN 1,455 (USD 428) for 2020 in the original report, and comprised a Net Living Wage of PEN 1,266 (USD 372), plus a social security contribution of PEN 189 (USD 56).The updated Anker Living Wage for 2024 is PEN 1,997 (USD 527) per month, comprising a Net Living Wage of PEN 1,558 (USD 411), plus social security contribution of PEN 439 (USD 116). Inflation in national CPI during this period was 23% . Without accounting for inflation, the living wage estimated in 2020 would not be sufficient for families to have a basic but decent standard of living in 2024, because the purchasing power of the living wage would have decreased. Social security contributions were calculated using the most up-to-date laws

This report updates the Anker Living Wage Reference Value for rural Peru to 2024. This was PEN 1,455 (USD 428) for 2020 in the original report, and comprised a Net Living Wage of PEN 1,266 (USD 372), plus a social security contribution of PEN 189 (USD 56).The updated Anker Living Wage for 2024 is PEN 1,997 (USD 527) per month, comprising a Net Living Wage of PEN 1,558 (USD 411), plus social security contribution of PEN 439 (USD 116). Inflation in national CPI during this period was 23% . Without accounting for inflation, the living wage estimated in 2020 would not be sufficient for families to have a basic but decent standard of living in 2024, because the purchasing power of the living wage would have decreased. Social security contributions were calculated using the most up-to-date laws