Consumer prices in Sri Lanka rise

Saturday, 04 May 2013 - 13:14

Consumer+prices+in+Sri+Lanka+rise

Consumer prices in Sri Lanka's urban areas rose 7.2 percent in April 2013 from a year earlier, according to a price index compiled by citizens down from 12.6 percent in March.

 

The state index however lacks key items such as alcohol which is heavily taxed from time to time. The absence of such items may understate price rise in the short term.

 

Sri Lanka's rupee fell in sharply from February 2013 to 134 to the US dollar breaking a peg at 110 and driving inflation up. The rupee has since appreciated.



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