October inflation reached 6.30% annually and will be key in Colombia's 2027 minimum wage talks

FinanceColombiaEl ColombianoNov 10, 2026, 11:50 AMAI summary

Colombia's statistics agency Dane reported that the cost of living reached 6.30% annually in October, a figure that will be decisive in the discussion of the 2027 minimum wage, whose negotiation table is set to be installed on November 18. The reading remains above the Banco de la República's target range of 2% to 4%. Restaurants and hotels (9.39%), education (7.44%), health (7.37%) and food (7.31%) posted the largest annual increases.

In 40 seconds

Annual inflation in October was 6.30%, according to Dane, and remains above the Banco de la República's 2% to 4% target range.
The figure will feed into the wage negotiation table, which is installed on November 18 to define the 2027 increase.
Restaurants and hotels (9.39%), education (7.44%), health (7.37%) and food (7.31%) had the largest annual increases.

Read the full story at El Colombiano

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

inflación
salario mínimo
Dane
Banco de la República
Colombia

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

Keep reading

Food prices drive inflation in Colombia as annual CPI reaches 6.30% in October
DANE reported that October CPI reached 6.30% year-on-year and rose 0.2% versus September. Food contributed 0.19 percentage points to the monthly figure and 1.38 to the annual one, and food prices rose 7.31% over the past 12 months, above the overall 6.30%. SAC attributes the increase to interest rates, labor costs, fertilizers and weather events; analysts add the earthquake, El Niño and a statistical base effect from October 2025.
FinanceColombiaEl Espectador6:00 PMAI
Aval Asset Management: a minimum wage hike well above 8% would complicate lowering inflation in 2027
Juan David Ballén, director of Economic Research at Aval Asset Management, called a reference near 8% reasonable for the 2027 minimum wage, with inflation closing 2026 below 7% and productivity near 1%. He warned that a much larger increase would make it harder to reduce inflation, especially in services, would affect formal employment and pressure public finances, and could lead Banco de la República to keep rates high for longer. Annual inflation in October was 6.30%.
FinanceColombiaBlu Radio5:22 PMAI
Bucaramanga posted 7.15% annual inflation in October, the highest in two years
Bucaramanga closed October with 7.15% annual inflation, the highest in the past two years and the second highest among Colombian cities, according to Dane. Food away from home, including the 'corrientazo' and set lunches, rose 10.40%; food and beverages in the household basket, 9.01%; and education also ranks among the items pressing household budgets. Alcoholic beverages and tobacco followed at 7.61%, and furniture and health at 6.65%.
FinanceColombiaVanguardia4:52 PMAI
Colombia's UVT for 2027 would be 55,684 pesos, according to a preliminary calculation based on middle-class inflation
Based on the middle-class inflation data for October released by Dane, the UVT for 2027 is estimated at 55,684 pesos. The calculation applies the 6.32% middle-class inflation rate to the 2026 UVT of 52,374 pesos. Dian must issue a resolution certifying the official value. With that figure, the minimum fine would be 556,840 pesos, equivalent to 10 UVT.
FinanceColombiaDiario del Sur4:33 PMAI

October inflation reached 6.30% annually and will be key in Colombia's 2027 minimum wage talks

In 40 seconds

Comments

Keep reading

Food prices drive inflation in Colombia as annual CPI reaches 6.30% in October

Aval Asset Management: a minimum wage hike well above 8% would complicate lowering inflation in 2027

Bucaramanga posted 7.15% annual inflation in October, the highest in two years

Colombia's UVT for 2027 would be 55,684 pesos, according to a preliminary calculation based on middle-class inflation