Bancolombia proposes an 8.4% increase for the 2027 minimum wage

FinanceColombiaEl DiarioNov 10, 2026, 4:30 PMAI summary

An analysis by Bancolombia, published in the Radar Bancolombia report on November 9, 2026, proposes an 8.4% increase for the 2027 minimum wage. The calculation combines a projected inflation of 6.7% and total factor productivity growth of around 1.7%. Applied to the current base wage of $1,750,905, the increase would be about $147,076 and the wage would reach $1,897,981, excluding transport allowance. The bank states it is a technical reference, not a final decision.

In 35 seconds

Bancolombia proposes 8.4%: projected inflation of 6.7% plus total factor productivity growth of around 1.7%.
With that percentage, the base wage would rise from $1,750,905 to about $1,897,981, excluding the transport allowance.
The bank warns that each additional percentage point could add roughly 0.15 points to inflation.

Read the full story at El Diario

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

salario mínimo
Bancolombia
inflación
productividad
Colombia

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Bancolombia proposes an 8.4% increase for the 2027 minimum wage

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