Economy, Asia - Pacific
Sri Lanka's annual inflation at 53.6% in February
Non-food and food items posted price increases of 57.4% and 49%, respectively
Gokhan Ergocun |
21.03.2023 - Update : 21.03.2023
ISTANBUL
The annual inflation rate in Sri Lanka was 53.6% last month, up from 53.2% in January, official figures showed on Tuesday.
Price increases were 57.4% for non-food products and 49% for food items, the country's statistical office said.
The monthly inflation rate was 1.1% in February, up from 0.7% in January.
The IMF on Monday approved a bailout package worth $3 billion to support the cash-strapped South Asian country, which defaulted on its foreign debt last April.
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