Wednesday, October 5, 2022

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Inflation further surged!

The inflation rate of Sri Lanka has surged to 12.1 per cent as of December, 2021.

The figure stood at 9.9 per cent in November last year and the surge has been explained by the Central Bank of Sri Lanka (CBSL) to be demonstrated by the factors in the Supply Sector.

The inflation surge was mainly due to monthly increases in the prices of items in both food and non-food categories.

Accordingly, the annual inflation in the food category has increased up to 22.1 per cent in December from 17.5 per cent in the month before. In the non-food category, the figure has increased from 6.4 per cent to 7.5 per cent in December.

MIAP

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