Reported about 16 hours ago
Colombia's minimum wage will rise by 9.54% in 2025, reaching 1.4 million pesos (approximately $323.90) per month, as announced by President Gustavo Petro. The increase, dictated by decree due to a lack of consensus among government, business, and union representatives, is lower than this year's 12% hike. Inflation in Colombia is projected to end 2023 at 5.3% and decrease to 3.1% by late 2025.
Source: YAHOO