Economy

2023 began with an increase of approximately 400 pesos in the price of gasoline paid by Colombians. In this way, complete an increase of 1,000 pesos in the last four months, since between October and December it was 200 pesos each month.But drivers need to prepare because the price per gallon will continue to rise. The National Government plans to continue making "gradual and progressive" increases which could go until 2024.(Also read: These are some products and services that increase in price in 2023) These increases seek to reduce the fiscal deficit of the Fuel Price Stabilization Fund (FEPC) through…

In 2022, the Superintendence of Industry and Commerce received complaints from 300,934 citizens from all over the country for what they considered a violation of their rights as consumers.What they complained the most about was health issues (34 percent), public services (20 percent) and for the guarantees offered in the purchase of products or services (16 percent).(Also read: EPS Sanitas registers more than 7,400 claims after failure in information systems) The main sectors consulted were service providers Health serviceshome public service companies and telecommunications companies.The highest number of records occurred in the Andean region, with 177,826 Colombians served, representing 59…

The value of the rent is another of the items that impacts the pocket of families with the arrival of 2023. It is estimated that 35 percent of Colombians live under this type of contract.In accordance with article 20 of Law 820 of 2003, rental prices should rise the same as annual inflationwhich reached 12.53 percent in November, the highest figure since 1999.(Also read: It's official: more than 85 goods and services will not raise 16% of the minimum wage) This Thursday, January 5, the National Administrative Department of Statistics (Dane) will announce the inflation data for December and all…

The government of President Gustavo Petro had to extend the 35 percent tariff on footwear imports for three more years, when it was declared below or the same established threshold, in order to "promote the industrialization process of the footwear and thereby promoting productivity and job creation".In this way, through Decree 2632 of December 30, 2022, the measures established in Decree 2279 of 2019 were extended until December 31, 2025.(Also read: It's official: 40% tariff on imported clothing will be permanent in Colombia) Thus, the pair of shoes that continue to be imported for an FOB value less than or…