www.bloomberg.com
Colombian inflation expectations have surged following the government’s decision to increase the minimum wage by 23% this year. Economists are now scrambling to assess the impact of this significant hike on the country’s already high inflation rates. The substantial wage increase is widely viewed as a potential driver for further upward pressure on consumer prices, raising concerns about the nation’s economic stability and the difficulty the central bank may face in taming inflation without more aggressive monetary policy measures.
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