Food inflation is virtually galloping in Sri Lanka, breaking all previous records amidst a surging cost of living.
The Central Bank said on Wednesday that Food inflation (Y-o-Y) increased to 93.7 per cent in August 2022 from 90.9 per cent in July 2022,
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100)1 increased to 64.3 per cent in August 2022 from 60.8 per cent in July 2022.
This increase in Y-o-Y inflation was mainly driven by the monthly increases of both Food and Non-Food categories.
Non-Food inflation (Y-o-Y) increased to 50.2 per cent in August 2022 from 46.5 per cent in July 2022.
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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