Sri Lanka Flag (Photo: Wikipedia) Cash-strapped Sri Lanka on Monday said that its inflation has dropped to 6.3 per cent, a single-digit figure for the first time in two years, providing much-needed relief to the people amidst the worst financial crisis. In a statement, the Census and Statistics Office of the Sri Lankan… Continue reading Sri Lanka records single-digit inflation for 1st time since economic crisis
Tag: inflation
Erratic rainfall may lead to higher inflation in near term: BoB research
Economics research department of Bank of Baroda (BoB) said that erratic rainfall across the country has resulted in lower ‘kharif’ sowing this year which is likely to translate into higher inflation in the near term. A report prepared by the department said that rainfall has been six per cent above the long-period average… Continue reading Erratic rainfall may lead to higher inflation in near term: BoB research