Sri Lanka's inflation surges over 60% in July
The Hindu
Crisis-ridden Sri Lanka’s central bank has said inflation may peak at 75%
Sri Lanka’s inflation surged to 60.8% in July, up from 54.6% in June, the crisis-hit country's statistics department said on Saturday, as food and fuel remained scarce amid depleted foreign exchange reserves.
The year-on-year inflation based on the Colombo Consumer Price Index was 60.8% in July, the Department of Census and Statistics said in a statement.
In June it was 54.6%.
Also read | Sri Lanka foreign trade up despite economic crisis; exports to India grows 21%
The year-on-year food inflation in July is 90.9 up from 80.1% in June.
The country's central bank has said inflation may peak at 75%.
Sri Lankans have faced a shortage of essentials amid the ongoing economic meltdown, the worst since 1948.
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