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

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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.

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