Sri Lanka's inflation rate decreased to 5.9% in February, mainly due to stronger currency and slower food price gains.

Sri Lanka's inflation rate fell to 5.9% in February from 6.4% in January, mainly due to stronger currency and slower gains in food prices, according to the Statistics Department. This marks the first time inflation has decreased in five months. The Central Bank of Sri Lanka expects price gains to peak in the July-September quarter but believes inflation will not pose a threat to its 5% target.

February 29, 2024
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