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Sri lanka News – Sri Lanka’s inflation in the 12- months to August 2022 accelerated to 64.3 percent in August from 60.8 percent in July, the state statistics office said.

The widely watched Colombo Consumer Price Index grew 2.5 percent during the month to 235.8 points from 230.1 points.

Food price rose 93.7 percent in the 12-months to August.

Sri Lanka’s inflation galloped after two years of money printing and a collapse of the currency.

The central bank has since allowed market rates to go to around 30 percent, reducing credit and outflows. (Colombo/Aug31/2022)

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