Colombia wage council urges technical minimum wage setting, cites IPC

Colombia's National Guild Council (CGN) publicly supports raising household income but insists the minimum wage should be set by the Permanent Commission for Wage Concertation using the consumer price index (IPC). This signals a potential clash with the government's push for a larger increase, as the CGN emphasizes technical criteria over political discretion. The outcome will affect inflation expectations and labor costs in Colombia.