October inflation stood at 6.30% and opens debate on the minimum wage
Annual inflation in Colombia reached 6.30% in October, above the Banco de la República's 3% target but below the 6.38% expected by the market, according to Fedesarrollo director Luis Fernando Mejía. The monthly variation was 0.20%, against an expectation of 0.28%. The figure will be central to the minimum wage negotiations that will begin in the coming weeks between the Government, business groups and labor unions.
In 30 seconds
- Annual inflation in October was 6.30%, below the 6.38% expected by analysts.
- The monthly variation was 0.20%, against an expectation of 0.28%.
- Food registered one of the most significant increases of the month.
Read the full story at Noticias RCN
IASummary generated by artificial intelligence from a story by Noticias RCN. It may contain errors: the original source prevails.
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