Sri Lanka Inflation Rate Surges to 70.2 Percent in August

Consumer inflation in Sri Lanka accelerated to 70.2 percent in August, the statistics department said on Wednesday, as the island nation reels under its worst economic crisis in decades.
The National Consumer Price Index (NCPI) rose 70.2 percent last month from a year earlier, after a 66.7 percent increase in July, the Department of Census and Statistics said in a statement.
Food prices climbed 84.6 percent, while prices of non-food items rose 57.1 percent.
The Central Bank of Sri Lanka (CBSL) said in August that the inflation rate would moderate after peaking at about 70 percent as the country’s economy slowed.
The NCPI captures broader retail price inflation and is released with a lag of 21 days every month….

Powered by WPeMatico

About the author: admin_realspeech

Small business man here in the Fresno County Area.
I got kicked off of Twitter and Facebook, so I wanted to build a free speech social website.
Real Speech is now live!