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.
A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
In its first electoral test since taking power, the ruling National People’s Power (NPP) fell short of expectations, winning only around 40 % of the national vote in Tuesday’s local government election and falling short of enough seats to gain control of the majority of councils.
Leave Comments