The National Institute of Statistics and Geography (“INEGI”) announced through a press release on January 7th, 2022, the updated value of the Measuring and Updating Unit (“UMA”), which will become effective as of February 1st, 2022.
The UMA is the economic reference in Mexican pesos to determine the amount of the payment of the obligations and assumptions set forth in the laws that comprise the Mexican legal framework. Such reference is updated annually in accordance with the Second Transitory Article of the Decree amending and adding various provisions of the Political Constitution of the United Mexican States regarding the de-indexation of the minimum wage, published in January 2016.
For 2022 the variation of the UMA with respect to 2021, is 7.36%, as a result of the above, the daily value of the UMA will be $96.22 Mexican pesos, the monthly value will be $ 2,925.09 Mexican pesos and the annual value will be $35,101.08 Mexican pesos.
It should be noted that the monthly value of the UMA is calculated by multiplying its daily value by 30.4 times and its annual value is calculated by multiplying its monthly value by 12.
Should you require more information on this note, please contact us at info@rapa.mx.