Sri Lanka Inflation
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Cash-Strapped Sri Lanka Records First Deflation Since 1995
Cash-strapped Sri Lanka's economy recorded falling consumer prices for the first time in 29 years, official data showed Monday, with the September inflation figure dipping to negative 0.5 per cent.
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Sri Lanka Records Single-Digit Inflation For 1st Time Since Crisis: Data
Cash-strapped Sri Lanka on Monday said that its inflation has dropped to 6.3 per cent, a single-digit figure for the first time in two years, providing much-needed relief to the people amidst the worst financial crisis.
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Inflation Jumps To Record 37.97% In Crisis-Hit Pakistan
Troubles continued to mount for an embattled Pakistan today, with official data revealing a rise in its annual inflation to a record 37.97 per cent in May. Pakistan's figure is the highest in South Asia, ahead of Sri Lanka
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Protests In Crisis-Hit Sri Lanka Against Inflation, Tax Hikes
Hundreds of people marched in Sri Lanka's largest city Colombo on Wednesday protesting against higher taxes, inflation and alleged state-led repression as the country struggles to emerge from its worst financial crisis in seven decades.
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World Bank's New Warning On Sri Lanka Amid Severe Food Price Inflation
Sri Lanka is ranked fifth among the 10 countries with the highest food price inflation in the world, according to the latest World Bank assessment.
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8% Economic Contraction Predicted For Crisis Hit Sri Lanka, Says Governor
Sri Lanka's economic meltdown will result in a record contraction of at least eight percent this year but the public could soon expect some relief from runaway inflation, the head of the country's central bank said Thursday.
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A Look At Sri Lanka's Powerful Rajapaksa Family
Anger at Sri Lanka's dire economic crisis has been simmering for months, with many laying the blame for widespread shortages and runaway inflation squarely at the feet of the ruling Rajapaksa family.
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Sri Lankan PM Vows To Reduce Country's Inflation Rate To 6% By 2025
Sri Lankan Prime Minister Ranil Wickremesinghe on Tuesday said that the island country aimed to reduce the inflation rate to between 4 and 6 per cent by 2025.
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Crisis-Hit Sri Lanka Is Taking Steps To Combat Short-Term Inflation
Sri Lanka increased fuel and transport prices on Tuesday, a long-flagged move to combat its debilitating economic crisis.
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Sri Lanka Says India, World Bank Considering $2 Billion Bridge Finance
Sri Lanka's finance minister said on Friday that India and the World Bank are considering extending about $2 billion in bridge finance so it can continue essential imports.
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Sri Lanka Default Seen Inevitable As Bond Losses Deepen
Sri Lankan bonds slumped after protests against soaring inflation and lengthy power cuts led to a cabinet reshuffle, adding to concern political turmoil will hamper the government's ability to repay its debts in the face of a deepening crisis.
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Lankans Flee To India Amid Country's Worst Economic Meltdown: 10 Points
As Sri Lanka faces its worst-ever economic crisis, with electricity blackouts and shortage of essential goods leading to massive protests, its nationals have started seeking refuge in India.
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In Sri Lanka, As Economic Crisis Worsens, 2 Men Die Waiting In Fuel Queue
Sri Lankan police said on Sunday two men collapsed and died while waiting in separate queues to secure fuel amid sky-rocketing prices leading to record inflation.
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Record Sri Lanka Inflation As Food Crisis Looms
Sri Lanka's inflation hit a record 11.1 percent in November, official figures showed Wednesday, as authorities warned a worsening economic crisis could prompt further food rationing.
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Sri Lankan Army battles pricey veggies
The Sri Lankan army has started selling vegetables to tackle the war against rising cost of essential commodities, said the Defence Ministry of Sri Lanka."Army is making a vital contribution in extending relief to consumers by establishing consumer centres for selling vegetables at reasonable prices," the ministry said in a statement. The army has ...
-
Cash-Strapped Sri Lanka Records First Deflation Since 1995
Cash-strapped Sri Lanka's economy recorded falling consumer prices for the first time in 29 years, official data showed Monday, with the September inflation figure dipping to negative 0.5 per cent.
-
Sri Lanka Records Single-Digit Inflation For 1st Time Since Crisis: Data
Cash-strapped Sri Lanka on Monday said that its inflation has dropped to 6.3 per cent, a single-digit figure for the first time in two years, providing much-needed relief to the people amidst the worst financial crisis.
-
Inflation Jumps To Record 37.97% In Crisis-Hit Pakistan
Troubles continued to mount for an embattled Pakistan today, with official data revealing a rise in its annual inflation to a record 37.97 per cent in May. Pakistan's figure is the highest in South Asia, ahead of Sri Lanka
-
Protests In Crisis-Hit Sri Lanka Against Inflation, Tax Hikes
Hundreds of people marched in Sri Lanka's largest city Colombo on Wednesday protesting against higher taxes, inflation and alleged state-led repression as the country struggles to emerge from its worst financial crisis in seven decades.
-
World Bank's New Warning On Sri Lanka Amid Severe Food Price Inflation
Sri Lanka is ranked fifth among the 10 countries with the highest food price inflation in the world, according to the latest World Bank assessment.
-
8% Economic Contraction Predicted For Crisis Hit Sri Lanka, Says Governor
Sri Lanka's economic meltdown will result in a record contraction of at least eight percent this year but the public could soon expect some relief from runaway inflation, the head of the country's central bank said Thursday.
-
A Look At Sri Lanka's Powerful Rajapaksa Family
Anger at Sri Lanka's dire economic crisis has been simmering for months, with many laying the blame for widespread shortages and runaway inflation squarely at the feet of the ruling Rajapaksa family.
-
Sri Lankan PM Vows To Reduce Country's Inflation Rate To 6% By 2025
Sri Lankan Prime Minister Ranil Wickremesinghe on Tuesday said that the island country aimed to reduce the inflation rate to between 4 and 6 per cent by 2025.
-
Crisis-Hit Sri Lanka Is Taking Steps To Combat Short-Term Inflation
Sri Lanka increased fuel and transport prices on Tuesday, a long-flagged move to combat its debilitating economic crisis.
-
Sri Lanka Says India, World Bank Considering $2 Billion Bridge Finance
Sri Lanka's finance minister said on Friday that India and the World Bank are considering extending about $2 billion in bridge finance so it can continue essential imports.
-
Sri Lanka Default Seen Inevitable As Bond Losses Deepen
Sri Lankan bonds slumped after protests against soaring inflation and lengthy power cuts led to a cabinet reshuffle, adding to concern political turmoil will hamper the government's ability to repay its debts in the face of a deepening crisis.
-
Lankans Flee To India Amid Country's Worst Economic Meltdown: 10 Points
As Sri Lanka faces its worst-ever economic crisis, with electricity blackouts and shortage of essential goods leading to massive protests, its nationals have started seeking refuge in India.
-
In Sri Lanka, As Economic Crisis Worsens, 2 Men Die Waiting In Fuel Queue
Sri Lankan police said on Sunday two men collapsed and died while waiting in separate queues to secure fuel amid sky-rocketing prices leading to record inflation.
-
Record Sri Lanka Inflation As Food Crisis Looms
Sri Lanka's inflation hit a record 11.1 percent in November, official figures showed Wednesday, as authorities warned a worsening economic crisis could prompt further food rationing.
-
Sri Lankan Army battles pricey veggies
The Sri Lankan army has started selling vegetables to tackle the war against rising cost of essential commodities, said the Defence Ministry of Sri Lanka."Army is making a vital contribution in extending relief to consumers by establishing consumer centres for selling vegetables at reasonable prices," the ministry said in a statement. The army has ...
