Economics

Sri Lanka Sees 0.8% Deflation in October 2024 Amid Central Bank Policies

  • November 1, 2024

Sri Lanka’s consumer price inflation recorded a deflation of 0.8% in the 12 months ending October 2024, with only a 0.3% increase over the past 25 months as the effects of the central bank’s deflationary policy begin to manifest in the balance of payments. The Colombo Consumer Price Index (CPI) declined by 0.5% in October

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Economics

Colombo Inflation Drops 0.5% in September Amid Lower Food and Fuel Prices

  • October 1, 2024

Inflation in the Colombo district decreased in September, following a significant slowdown in August, as both food and non-food prices declined due to increased supply conditions and reductions in fuel prices and water tariffs. According to the Colombo Consumer Price Index (CCPI), the key inflation measure, prices fell by 0.5% in September 2024 compared to

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