Inflation drops to 5.1 % in February

Inflation rate dropped to 5.1 percent in February from 6.5 percent in January, official data showed on Thursday.Food inflation increased from 4.1 percent to 5 percent and non-food inflation dropped from 8.5 percent to 5.1 percent.

Sri Lanka’s inflation has been dropping steadily since September 2022, when inflation was at 69.8 percent.

The Central Bank said earlier the country’s inflation is anticipated to gradually stabilize at the targeted level of 5 percent over the medium term, following a short-lived acceleration of inflation in the near term on account of recent tax adjustments and supply-side disruptions.

Post a Comment

Previous Post Next Post