Hirunews Logo
Sri+Lanka+inflation+at+3.5-pct+in+April+by+citizen+index.
Saturday, 03 May 2014 - 16:20
Sri Lanka inflation at 3.5-pct in April by citizen index.
31

Shares
3,806

Views
Sri Lanka's inflation in the 12-months to April was measured at 3.5 percent, lower than the 4.9 percent shown by the official index compiled by the state statistics office.

In the past 12-months credit growth has been muted, allowing domestically generated inflation by the Central Bank to be low.

The rupee fell sharply in the first and second quarters of 2012 from around 110 to 130 to the US dollar following a spurt of money printing, in the wake of state bank credit given to subsidize energy.

Currency depreciation inflates the prices of both imported and exported commodities immediately.
Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE