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

Read More
Economics

Sri Lanka Expected to Breach Inflation Target Until Q1 2025: Central Bank

  • August 16, 2024

Sri Lanka’s inflation is projected to remain below 3 percent through the first quarter of 2025, according to the Central Bank. This marks a breach of the lower threshold of the country’s 5 percent inflation target, which has been consistently maintained over the past several months. The Central Bank has proposed a 5 percent inflation

Read More