Sri Lanka's inflation rate decreased to 5.1% in February, with food inflation rising to 5%.
Sri Lanka's inflation rate decreased to 5.1% in February from 6.5% in January, according to official data. Food inflation increased to 5% from 4.1%, while non-food inflation fell from 8.5% to 5.1%. The Central Bank expects the country's inflation to gradually stabilize at the targeted 5% over the medium term, following short-term inflation acceleration due to tax adjustments and supply-side disruptions.
March 21, 2024
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