Colombia's 2027 minimum wage talks start November 18 amid 6.3% inflation and 12.25% rates
The negotiation table for Colombia's 2027 minimum wage will be installed on Wednesday, November 18, with the government, union confederations and business associations. The talks take place with annual inflation at 6.3% in October, interest rates at 12.25% and difficulties in public finances. The current minimum wage is $1,750,905, plus a $249,095 transport allowance. Business groups propose increases of 8% to 9.5%, unions above 10% and Grupo Cibest suggests around 8.4%. If there is no agreement, the government will set the increase by decree before December 30.
In 40 seconds
- The negotiation table is installed on November 18; the first deadline for an agreement is December 15.
- The current minimum wage is $1,750,905 and the transport allowance $249,095, for a monthly income of $2 million.
- Business groups propose increases of 8% to 9.5%, unions above 10% and Grupo Cibest a technical reference near 8.4%.
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.
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