Sri Lanka's key inflation rate eased to 50.6 per cent in February from 51.7 per cent in January, the statistics department said on Tuesday (Feb 28), as food prices eased. The Colombo Consumer Price Index (CCPI) reflected a reduction in food prices to 54.4 per cent in February from 60 per cent last month, b
Sri Lanka's key inflation rate eased to 50.6 per cent in February from 51.7 per cent in January, the statistics department said on Tuesday , as food prices eased.
Sri Lanka has been struggling with soaring prices for over a year, largely caused by its worst financial crisis since it gained Independence from Britain in 1948. The CCPI acts as a lead indicator for broader national prices and shows how inflation is evolving in Colombo, Sri Lanka's biggest city.
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