Sri Lanka Inflation at Record High: Inflation in neighboring Sri Lanka has made life difficult for people and it has come to a historic high in March. In the last month i.e. March, the inflation rate in Sri Lanka has reached a record high level of 21.5 percent.
In Sri Lanka, the Census and Statistics Department has released the figures and in them the inflation rate on a year-on-year basis in March has come down to 21.5 percent. Food inflation in Sri Lanka’s National Consumer Price Index has come down on a year-on-year basis to 29.5 percent. At the same time, the non-food inflation rate has come down to 14.5 percent.
In Sri Lanka, the inflation rate which has come to such a high level, 7 special things related to it are as follows-
The National Consumer Price Index has come down to 172.7 per cent on a month-on-month basis as against 167.8 per cent in February.
The inflation rate has come down on a year-on-year basis to 21.5 percent and on a month-on-month basis, the inflation rate has come down to 17.5 percent.
In the increase in inflation rate, the share of food products has been 1.22 percent and the share of non-food products has been 1.70 percent.
Rice, coconut oil and masoor dal accounted for the highest share of the prices of food items that saw the biggest increase.
Apart from this, the highest increase has been seen in the prices of vegetables, large onions and potatoes.
Core inflation rate has come down to 17.3 per cent as against 14.1 per cent in February.
On the basis of base year (2013), the general price has seen an increase of 72.7 percent in March 2022.