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Sri Lanka inflation jumps to a record 60.8% in July

Reuters
29 Jul 2022 18:47:01 | Update: 29 Jul 2022 18:47:01
Sri Lanka inflation jumps to a record 60.8% in July
File photo shows a woman sitting next to her filled domestic cooking gas cylinder after its distribution, amid the country's economic crisis, in Colombo, Sri Lanka on July 23, 2022 — Reuters

Sri Lanka's inflation surged to a record 60.8 per cent in July, the crisis-struck country's statistics department said on Friday, compared to a 54.6 per cent rise in June.

The jump in the Colombo Consumer Price Index was led by a 90.9 per cent climb in food inflation, the Census and Statistics Department said in a statement.

ALSO READ - WB has no new financing plans for crisis-hit Sri Lanka

The island nation has been gripped by a political and economic crisis that has forced a change of leadership, and is now in a state of emergency.

 

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