BOGOTA (Reuters) – Colombia’s minimum wage will increase by 9.54% in 2025, Colombia’s President Gustavo Petro said on Tuesday, announcing the hike by decree after a deal was not reached between the government, business associations and workers unions.
The minimum wage in 2025 will rise to 1.4 million pesos ($323.90) per month, Petro said, up from 1.3 million pesos per month this year.
($1 = 4,395.44 Colombian pesos)
(Reporting by Nelson Bocanegra, Carlos Vargas and Oliver Griffin; Writing by Oliver Griffin; Editing by Chris Reese)
