Colombia Forum

soystar1
Joined 2012
Posts: 504

6 years ago

inflation here

6 years ago

I recently payed my SOAT and started thinking how sad this inflation is here. The government increases the minimum salary and before you know it the average Colombian's health insurance, lunches and SOAT especially for motos goes up and up creating a spiral effect upon the average Colombian.

Previous lunch in Armenia 6,000 now 7,000 cop
SOAT shoots up to 426,000 cop for a small scooter. Armenia's city tax on this scooter is 48,000 cop up from 33,000 a year a go.
Public bus is now 1900 cop
Basic taxi rate is 4,200 cop (5000) for holidays or after 8.
Basic medical will go up in February. At this time, my basic rate is 92,500 cop /mo.

As fortunate as we are to have a 3/1 ratio on the Cop. Unemployment and taxes will surely rule the upcoming election.

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Help others in Colombia by answering questions about the challenges and adventures of living in Colombia.