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Sri Lanka Has The Highest Inflation Amongst South Asia Peers
Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other countries in the South Asian region, Sri Lanka recorded the highest inflation rate in the month of February 2022. Whilst inflation has been broad based, food prices increased faster than other sectors. The food inflation was 25.7% in February 2022. According to the Census and Statistics Department of Sri Lanka, both the food inflation and the overall inflation has worsened in the month of March 2022, reaching 30.2% and 18.7% respectively.
Featured Insight
Sri Lanka Has The Highest Inflation Amongst South Asia Peers
Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other countries in the South Asian region, Sri Lanka recorded the highest inflation rate in the month of February 2022. Whilst inflation has been broad based, food prices increased faster than other sectors. The food inflation was 25.7% in February 2022. According to the Census and Statistics Department of Sri Lanka, both the food inflation and the overall inflation has worsened in the month of March 2022, reaching 30.2% and 18.7% respectively.
Featured Insight
Sri Lanka Has The Highest Inflation Amongst South Asia Peers
Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other countries in the South Asian region, Sri Lanka recorded the highest inflation rate in the month of February 2022. Whilst inflation has been broad based, food prices increased faster than other sectors. The food inflation was 25.7% in February 2022. According to the Census and Statistics Department of Sri Lanka, both the food inflation and the overall inflation has worsened in the month of March 2022, reaching 30.2% and 18.7% respectively.
Featured Insight
Sri Lanka Has The Highest Inflation Amongst South Asia Peers
Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other countries in the South Asian region, Sri Lanka recorded the highest inflation rate in the month of February 2022. Whilst inflation has been broad based, food prices increased faster than other sectors. The food inflation was 25.7% in February 2022. According to the Census and Statistics Department of Sri Lanka, both the food inflation and the overall inflation has worsened in the month of March 2022, reaching 30.2% and 18.7% respectively.
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SL still few more steps away from celebrating debt restructuring success
Sri Lanka is nearing the completion of its debt restructuring but must continue with economic reforms and avoid past mistakes of abandoning them after achieving stability, as stated by Treasury Secretary Mahinda Siriwardana...
2024-07-25
Daily Mirror
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January-July remittance income plummets 50%
July remittance income at US$ 279.5 mn. slightly up from June, but down from US$ 453.3 mn a year ago. Cumulative figure for the seven-month period down 50% YoY to US$ 1.8bn.
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Daily Mirror
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President directs Govt institutions to limit expenditure
On the instructions of President Ranil Wickremesinghe, President’s Secretary Saman Ekanayake has informed all government institutions to strictly adhere to the Circular issued by the Treasury regarding the limitation of government expe...
2022-08-15
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UNDP: Rs 600 bn tax cut a huge mistake
The Opposition as well as several other parties alleged that the government had lost as much as Rs 600 bn due to the controversial decision to do away with a range of taxes including PAYE, NBT (Nation Building Tax), Withholding tax, Capital...
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Japan to provide US $ 3mn grant through ADB to ensure SL’s food security
Japan has agreed to provide a US $ 3 million grant through the Asian Development Bank (ADB) to implement the Food Security and Livelihood Restoration Emergency Assistance project in Sri Lanka.
2022-08-11
Daily Mirror
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