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Saturday, 01 December 2012 - 12:26
SL inflation accelerates to 9.5 % in November
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Data from the statistics office showed that consumer prices in Colombo rose 9.5 percent in November 2012 from a year earlier, accelerating from 8.9 percent a month earlier.

The Colombo Consumer Price Index rose 1.3 percent to 167.1 points during the month, with the food component in the index suddenly rising 2.4 percent.

The index which rose to 166.7 points in July following a sharp depreciation of the currency fell in absolute terms for three months in a row.

The rupee also gained with tighter monetary policy involving outright sales of its Treasury bills to mop up liquidity.

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