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The prices of almost all vegetables, like tomatoes, green chillies, lady’s finger, beans, and lemons, which had led the dramatic rise in retail inflation earlier, have fallen now. However, prices of cereals, pulses, and spices have gone up.
Inflation increased to a 3.7% rate for the year ending in August, the second such increase after a full year of declines, driven in large part by rising gas prices.
The statistics ministry will release the Consumer Price Index data for August and industrial production data for July at 5:30 pm on September 12, with the latter expected to have increased by 5% compared to July 2022
Facing depleting forex reserves, the Sri Lankan government is desperately awaiting disbursement of $2.9 billion in funds from the IMF, which would bolster the... 23.09.2022, Sputnik International
The latest CPI report showed that inflation is still red-hot. Luckily, Goldman Sachs shared a list of 25 value stocks that can win in any market.