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Sri Lankan inflation rises 29.8% in April

By IANS | Updated: April 30, 2022 06:50 IST

Colombo, April 30 Sri Lanka's inflation, measured by a year-on-year change in the Colombo Consumer Price Index, increased ...

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Colombo, April 30 Sri Lanka's inflation, measured by a year-on-year change in the Colombo Consumer Price Index, increased by 29.8 per cent in April, the country's central bank said.

This increase was driven by the monthly increases in both food and non-food categories, according to the central bank on Friday.

Food inflation jumped by 46.6 per cent in April, while non-food inflation grew by 22 per cent in April, Xinhua news agency reported.

Prices of items in the non-food category recorded increases mainly due to price increases observed in sectors such as transport, water, electricity and gas, while prices of items in the food category increased due to hike in prices of milk powder, rice, bread, dal, sugar and dried fish during the month.

Sri Lanka recently hiked its interest rates in a bid to control its skyrocketing inflation.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: colomboXinhuaSri LankaDemocraticDemocratic socialist republic
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