Sri Lanka's annual inflation rate fell to 0.5% in August due to decreases in electricity, water, fuel, and housing costs.

Sri Lanka's annual inflation rate fell to 0.5% in August, its lowest rate since the country declared bankruptcy in April 2022, according to the Census and Statistics Department. The decline in inflation is attributed to decreases in electricity and water tariffs, fuel prices, and housing costs. The Central Bank of Sri Lanka anticipates overall inflation in 2024 to remain below 5%.

August 30, 2024
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