Colombia's 2027 minimum wage: technical formula points to 8% while political debate reaches 10%

FinanceColombiaDiario del SurOct 24, 2026, 1:38 PM35 s readAI summary

Negotiations over Colombia's 2027 minimum wage begin with a technical formula of 8%, according to Banco de Bogotá economists, who project 6.8% inflation and 1.2% productivity. The bank forecasts an 8.5% increase, which would take the minimum wage to 1.89 million pesos without transport allowance, and Corficolombiana also proposes 8%. Labor Minister Natalia López will lead the concertation table after the 23% increase for 2026.

In 35 seconds

The technical adjustment would be 8%, with projected inflation of 6.8% and productivity of 1.2%, according to Banco de Bogotá.
Banco de Bogotá forecasts an 8.5% increase, which would take the minimum wage to 1.89 million pesos without transport allowance.
Corficolombiana recommends returning to the traditional technical rule and proposes 8% to avoid distortions.

Read the full story at Diario del Sur

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

salario mínimo
Colombia
inflación
empleo
Banco de Bogotá

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Colombia's 2027 minimum wage: technical formula points to 8% while political debate reaches 10%

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