Analysts: By the end of this year, Colombia's consumer price index will reach 6.3%.

Since the beginning of this year, the continued tension in the Middle East has led to a rise in prices of various commodities, causing a continuous worsening of inflation in Colombia. Some analysts have pointed out that by the end of this year, Colombia's consumer price index will reach 6.3%, entering a period of severe inflation. In order to deal with the inflation pressure, the Central Bank of Colombia announced at the end of March that it would raise interest rates to 11.25%.