Sri Lanka inflation hits record 14 percent as food crisis worsens
Sri Lanka consumer prices shot up a record 14 percent in December, surpassing a previous high of 11.1 from a month earlier.
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Sri Lanka consumer prices shot up a record 14 percent in December, surpassing a previous high of 11.1 from a month earlier.
The island's tourism-dependent economy has been hammered by the pandemic
COLOMBO — Sri Lanka consumer prices shot up a record 14 per cent in December, surpassing a previous high of 11.1 from a month earlier, official figures showed on Saturday as food and fuel shortages worsen.Senior ministers warned parliament last week of a growing food crisis with rice harvests due in March expected to be drastically lower after an agrochemical import ban last
COLOMBO — Sri Lanka consumer prices shot up a record 14 per cent in December, surpassing a previous high of 11.1 from a month earlier, official figures showed on Saturday as food and fuel shortages worsen.Senior ministers warned parliament last week of a growing food crisis with rice harvests due in March expected to be drastically lower after an agrochemical import ban last
Rajapakse was seeking to enlist the media in deflecting surging anger among workers and the poor over rising prices and shortages of essentials, and preparing the ground for more austerity measures.