March sees 0.9% inflation rate, tourism earnings surge: Finance State Minister

Date:

March 31, Colombo (LNW): The month March this year saw an inflation rate of 0.9 per cent, with the non-food sector witnessing a slightly lower inflation of 0.5 per cent, Finance State Minister Ranjith Siyambalapitiya disclosed citing Central Bank data.

These revelations emerged during a briefing held in Ruwanwella yesterday (30) to elucidate details regarding the recent Central Bank report.

Moreover, it was highlighted that tourism earnings surged from US$ 162 million in February 2023 to US$ 346 million in February of the current year.

Additionally, the country’s official reserves, which stood at US$ 2.2 billion in February 2023, witnessed substantial growth, reaching US$ 4.5 billion by February of the present year.

Share post:

spot_imgspot_img

Popular

More like this
Related

Eminent business leaders bestowed with Lifetime Achievement Awards by SLID-ACCA

Mahendra Amarasuriya Ken Balendra (award accepted by Krishan Balendra) Sohli Captain Rohini...

Waste Crisis Meets Opportunity: Can Korean Aid Shift Sri Lanka?

Sri Lanka’s municipal waste management crisis has quietly grown...

Local Investors Power Equity Growth amid Foreign Capital Absence

Sri Lanka’s equity market is entering 2026 on an...

Cyclone Impact “Moderate”? Data Reveals Deeper Economic Fault Lines

Sri Lanka’s corporate leadership has sought to reassure investors...