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The Sri Lankan economic crisis [8] is a in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
The Central Bank of Sri Lanka has issued commemorative coins since 1957. On 15 December 2010, to mark the 60th Anniversary, the Central Bank of Sri Lanka issued a frosted proof crown size multi-colour silver commemorative coin in the denomination of Rs. 5,000/-. It was the first multi-colour coin issued by the Central Bank.
This template defaults to calculating the inflation of Consumer Price Index values: staples, workers' rent, small service bills (doctor's costs, train tickets). For inflating capital expenses, government expenses, or the personal wealth and expenditure of the rich, the US-GDP or UK-GDP indexes should be used, which calculate inflation based on the gross domestic product (GDP) for the United ...
Inflation in cash-strapped country dips from 69.8 per cent in September 2022 to about 6.3 per cent this July Sri Lanka records single-digit inflation for the first time in two years Skip to main ...
The Colombo Consumer Price Index (CCPI), a leading indicator that gauges inflation in Sri Lanka's biggest city, accelerated past the previous all-time year-on-year high of 64.3% in August.
Consumer inflation in Sri Lanka accelerated to 70.2% in August, the statistics department said on Wednesday, as the island nation reels under its worst economic crisis in decades. The National ...
Inflation in Sri Lanka measured by the Colombo Consumer Price Index grew 6.0% in the 12-months to August 2021 picking up from 5.7 percent in July. [135] Inflation was 4.2% in the year to December 2020. In 2019 inflation was 4.8 percent. [136]
Sri Lanka's central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared due to crippling shortages of basic goods ...