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
Finance

Sri Lanka Central Bank Holds Rates Steady, Deflation Possible in Near Term

  • September 27, 2024

Sri Lanka’s central bank announced that it would maintain policy interest rates between 8.25% and 9.25%, citing the likelihood of deflation in the near term due to easing supply conditions and adjustments to administratively controlled prices. “The Board observed that inflation is likely to remain well below the 5% target over the next few quarters,

Read More