Tag

Incomes up 27% since 2019, debt up just 2% — the real test for Colombia's consumer arrives in 2027, economists say.

Potatoes are up 78% but add less to inflation than rent, up 5%. That math explains why Colombia's inflation is so hard to bring down.

Rents and airfares climbed while goods prices fell for the first time since 2024, and Bancolombia still sees inflation ending 2026 at 6.7%.

Villar calls it a paradox: a deficit that should sink a currency lifted the peso, and low-skilled wages rose more than 50% in dollars.

Grupo Cibest sees 2027 growth anywhere from 0.9% to 3.9% as El Niño, a 7.9% deficit and a 12% policy rate test the rebound.

Services contributed 57% of August's price rise as minimum-wage indexation spread, Bancolombia's economists say.

Colombian President Gustavo Petro's decreed 23% raise in the country's minimum wage may now be rescinded for failing to follow laws mandating limits for such measures.

"An excessive minimum salary increase is a threat on two fronts. It will impact inflation as suppliers face higher costs and also further push that domestic demand."

The Colombian government announced an increase in the minimum wage for 2025.

More Mayor McMeat, Hidroituango, Colombia's Minimum Wage, Mangos & Potatoes, Peru's Problem with Petro