• TRM (USD/COP)COP 3,237.83 +0.30% +COP 9.57Colombia's official exchange rate (Financial Superintendence), valid Nov 7 to Nov 9
  • EuroCOP 3,624.08 +0.55% +COP 19.74Reference: TRM crossed with the European Central Bank rate of Nov 9; not the market quote
  • Mexican pesoCOP 173.95 +0.78% +COP 1.35Reference: TRM crossed with the European Central Bank rate of Nov 9; not the market quote

DANE releases October inflation, a key figure for the 2027 minimum wage

FinanceColombiaEl Nuevo DíaAI summary
Image: El Nuevo Día

DANE publishes on Monday, November 9, at 6:00 p.m. the October CPI, a determining figure for the 2027 minimum wage negotiation between the government, business groups and unions. The market expects annual inflation of 6.38%, versus 6.29% in September, according to collected projections; Asobancaria forecasts 6.25%. Fenalco, meanwhile, proposes that the minimum wage increase not exceed 9% and calls for returning to the inflation-plus-productivity formula.

In 30 seconds

  • DANE releases the October CPI at 6:00 p.m. on Monday, November 9.
  • The market expects annual inflation of 6.38%; Asobancaria forecasts 6.25%.
  • Fenalco proposes a minimum wage increase of at most 9% for 2027.
Read the full story at El Nuevo Día

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

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