Sri Lankan central bank expects inflation to drop to 7pc in July
Posted on July 7th, 2023
Courtesy Pakistan Observer
Sri Lankan inflation will drop to 7 percent in July, an official of the country’s central bank told journalists in Colombo on Thursday.
The central bank’s Director of Economic Research P. K. G. Harischandra, while addressing a press conference, said the headline inflation will stabilize around mid-single-digit level in the medium term.
Harischandra said that the core inflation for June was reported at 9.8 percent and this is the first time inflation has gone below 10 percent in a few years.
In September 2022, Sri Lanka’s headline, core, food and non-food inflation were 69.8 percent, 50.2 percent, 94.9 percent and 57.6 percent, respectively.—Xinhua