Blog Archives

SRI LANKA NEWS (AUGUST  2023) Compiled by Victor Melder. Inflation has decreased to 6.3 percent in July compared to 12 percent in June, said State Finance Minister Shehan Semasinghe. Semasinghe in a tweet added that Food Inflation decreased to -1.4 percent in July from 4.1 percent in June. “Non Food Inflation came down to 10.5 percent in July from 16.2 percent in June. We are regaining stability,” he added. The Department of Census and Statistics yesterday added that Sri Lanka’s Headline Inflation, as measured by the change in the Colombo Consumer Price Index (CCPI), has further decreased to 6.3 percent in July, compared to the previous month. The CCPI-based Inflation was calculated as 12.0 percent for the month of June 2023. “The inflation of Food Group dropped to -1.4 percent in July from 4.1 percent in June 2023, the Department added. (Daily News, 1.8.2023) The Ports, Shipping and Aviation Ministry ...