Investments and Business

The increase in the minimum wage decreed for this year is the lowest in real terms in the last 7 years, according to the inflation figures that the Dane will reveal this Thursday.The minimum wage -which had a nominal adjustment of 16 percent- actually only increased 1.1 percent for the poor population and 1.2 percent for the vulnerable population. In this way, it is the lowest increase since 2016, when the minimum adjustment meant a 0.26 percent drop in the purchasing power of that remuneration. For that year, a 7 percent adjustment was decreed, but annual inflation had closed at…

With the highest inflation in the last 23 years, there are also cases of people who have been favored. According to Dane, the prices of the family basket had -at the end of 2022- a increase of 13.12 percentthe mayor since March 1999.This data exceeded the estimates made by the Bank of the Republic (12.3 percent), market analysts (12.64 percent) and the Ministry of Finance (12.2 percent), which I was confident that prices would start to drop in Decemberbut it was not like that.(Read also: Inflation: real increase in the minimum wage was the lowest in the last 7 years)…

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What contributed the most to inflation in 2022 being 13.12 percent -the highest in 23 years- were food prices (4.88 percentage points) that increased 27.81 percent, according to the director of Dane, Piedad Urdinola."Without a doubt, the trend we are seeing right now corresponds to what has happened since we started the pandemic and quarantines"said the official.(Also read: These are the most expensive cities to live in Colombia; is yours?) The product that most boosted this annual food data was the cost of beef. Between 2017 and 2020, prices were stable, but with the arrival of covid-19 an upward trend…