About this work
Bloomberg Línea reviews how Latin American countries face minimum wage decisions for 2027 amid higher energy prices, high interest rates and little room for real increases. Jonathan Fortun of the IIF said the oil price spike causes an initial rise in prices, and that wage adjustments set between October and December will decide whether it becomes higher 2027 inflation. He worried most about expensive oil combined with inflation indexed raises and central banks pausing rate cuts, and favored a single digit increase in Colombia.