6.30% inflation in October sets the starting point for 2027 minimum wage talks

FinanceColombiaLa FMNov 10, 2026, 7:51 AMAI summary

Dane reported that inflation in October 2026 reached 6.30%, compared with 5.51% in October 2025, an increase of 0.79 percentage points over the year. The tripartite committee that will set the 2027 minimum wage will convene with that figure. Economist Hernando Zuleta, dean of Economics at Universidad de los Andes, expects tensions in the negotiation and proposes an 8% increase; if set by decree, he estimates it could land between 9% and 10%.

In 35 seconds

Annual inflation in October 2026 was 6.30%, compared with 5.51% in October 2025, according to Dane.
The largest annual increases were recorded in restaurants and hotels, education, health, food and non-alcoholic beverages, and household goods.
The current minimum wage is $1,750,905 without transport allowance; including it, the monthly figure reaches $2,000,000.

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IASummary generated by artificial intelligence from a story by La FM. It may contain errors: the original source prevails.

salario mínimo
inflación
Dane
Banco de la República
empleo

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6.30% inflation in October sets the starting point for 2027 minimum wage talks

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