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Petro Government Recognizes that Colombia Will Have Higher Inflation in 2026 After Raising the Minimum Wage
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Photo: Freepik and Presidencia Like the Banco de la República and other market players, Gustavo Petro's government acknowledged that Colombia will have higher inflation in 2026 and this occurs after the minimum wage has risen sharply (23.7 %). According to the Financial Plan of 2026, revealed this March 11, the country's consumer price index (CPI) would close the year by 5.8%, a figure that is 2.6 percentage points above the previous calculation…
On 19 February 2026, the national government issued the new decree on raising the minimum wage, due to a ruling of the Council of State that suspended the previous one: decree 1469 of 2025. The executive had to technically support the increase of 23.7%, a historical percentage considering that the business unions proposed between 7 and 8%, while the workers' centres aspired to 16%. President Petro supported the increase as a vital minimum wage, …
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