Sri Lanka Inflation
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Cash-Strapped Sri Lanka Records First Deflation Since 1995
Cash-strapped Sri Lanka's economy recorded falling consumer prices for the first time in 29 years, official data showed Monday, with the September inflation figure dipping to negative 0.5 per cent.
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Sri Lanka Records Single-Digit Inflation For 1st Time Since Crisis: Data
Cash-strapped Sri Lanka on Monday said that its inflation has dropped to 6.3 per cent, a single-digit figure for the first time in two years, providing much-needed relief to the people amidst the worst financial crisis.
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Inflation Jumps To Record 37.97% In Crisis-Hit Pakistan
Troubles continued to mount for an embattled Pakistan today, with official data revealing a rise in its annual inflation to a record 37.97 per cent in May. Pakistan's figure is the highest in South Asia, ahead of Sri Lanka
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Protests In Crisis-Hit Sri Lanka Against Inflation, Tax Hikes
Hundreds of people marched in Sri Lanka's largest city Colombo on Wednesday protesting against higher taxes, inflation and alleged state-led repression as the country struggles to emerge from its worst financial crisis in seven decades.
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Sri Lanka Inflation Rate Surges To 70.2% 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.
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World Bank's New Warning On Sri Lanka Amid Severe Food Price Inflation
Sri Lanka is ranked fifth among the 10 countries with the highest food price inflation in the world, according to the latest World Bank assessment.
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8% Economic Contraction Predicted For Crisis Hit Sri Lanka, Says Governor
Sri Lanka's economic meltdown will result in a record contraction of at least eight percent this year but the public could soon expect some relief from runaway inflation, the head of the country's central bank said Thursday.
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After Sri Lanka, A Dozen Other Countries In The Danger Zone Of Economic Crisis
Sri Lanka, Lebanon, Russia, Suriname and Zambia are already in default, Belarus is on the brink and at least another dozen are in the danger zone as rising borrowing costs, inflation and debt all stoke fears of economic collapse.
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A Look At Sri Lanka's Powerful Rajapaksa Family
Anger at Sri Lanka's dire economic crisis has been simmering for months, with many laying the blame for widespread shortages and runaway inflation squarely at the feet of the ruling Rajapaksa family.
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Sri Lankan PM Vows To Reduce Country's Inflation Rate To 6% By 2025
Sri Lankan Prime Minister Ranil Wickremesinghe on Tuesday said that the island country aimed to reduce the inflation rate to between 4 and 6 per cent by 2025.
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How Rising Interest Rates Impact Global Economy? Read On To Know More, Here
Inflation has reached its highest levels in over 40 years in the US and Europe, which has forced central banks there to hike interest rates
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Crisis-Hit Sri Lanka Is Taking Steps To Combat Short-Term Inflation
Sri Lanka increased fuel and transport prices on Tuesday, a long-flagged move to combat its debilitating economic crisis.
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Sri Lanka Says India, World Bank Considering $2 Billion Bridge Finance
Sri Lanka's finance minister said on Friday that India and the World Bank are considering extending about $2 billion in bridge finance so it can continue essential imports.
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World Bank Slashes India, South Asia's Economic Growth Forecast Over Ukraine Crisis
World Bank cut its economic growth forecast for India and South Asia citing worsening supply bottlenecks, rising inflation risks due to Ukraine crisis
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Sri Lanka Central Bank Hikes Interest Rates By 7% To Tackle Spiraling Inflation
Sri Lanka's central bank has decided to hike interest rates by an unprecedented 700 basis points to tame high inflation amid the worst economic crisis that has led to protests across the country and put President Gotabaya Rajapaksa under mounting pressure to resign.
-
Cash-Strapped Sri Lanka Records First Deflation Since 1995
Cash-strapped Sri Lanka's economy recorded falling consumer prices for the first time in 29 years, official data showed Monday, with the September inflation figure dipping to negative 0.5 per cent.
-
Sri Lanka Records Single-Digit Inflation For 1st Time Since Crisis: Data
Cash-strapped Sri Lanka on Monday said that its inflation has dropped to 6.3 per cent, a single-digit figure for the first time in two years, providing much-needed relief to the people amidst the worst financial crisis.
-
Inflation Jumps To Record 37.97% In Crisis-Hit Pakistan
Troubles continued to mount for an embattled Pakistan today, with official data revealing a rise in its annual inflation to a record 37.97 per cent in May. Pakistan's figure is the highest in South Asia, ahead of Sri Lanka
-
Protests In Crisis-Hit Sri Lanka Against Inflation, Tax Hikes
Hundreds of people marched in Sri Lanka's largest city Colombo on Wednesday protesting against higher taxes, inflation and alleged state-led repression as the country struggles to emerge from its worst financial crisis in seven decades.
-
Sri Lanka Inflation Rate Surges To 70.2% 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.
-
World Bank's New Warning On Sri Lanka Amid Severe Food Price Inflation
Sri Lanka is ranked fifth among the 10 countries with the highest food price inflation in the world, according to the latest World Bank assessment.
-
8% Economic Contraction Predicted For Crisis Hit Sri Lanka, Says Governor
Sri Lanka's economic meltdown will result in a record contraction of at least eight percent this year but the public could soon expect some relief from runaway inflation, the head of the country's central bank said Thursday.
-
After Sri Lanka, A Dozen Other Countries In The Danger Zone Of Economic Crisis
Sri Lanka, Lebanon, Russia, Suriname and Zambia are already in default, Belarus is on the brink and at least another dozen are in the danger zone as rising borrowing costs, inflation and debt all stoke fears of economic collapse.
-
A Look At Sri Lanka's Powerful Rajapaksa Family
Anger at Sri Lanka's dire economic crisis has been simmering for months, with many laying the blame for widespread shortages and runaway inflation squarely at the feet of the ruling Rajapaksa family.
-
Sri Lankan PM Vows To Reduce Country's Inflation Rate To 6% By 2025
Sri Lankan Prime Minister Ranil Wickremesinghe on Tuesday said that the island country aimed to reduce the inflation rate to between 4 and 6 per cent by 2025.
-
How Rising Interest Rates Impact Global Economy? Read On To Know More, Here
Inflation has reached its highest levels in over 40 years in the US and Europe, which has forced central banks there to hike interest rates
-
Crisis-Hit Sri Lanka Is Taking Steps To Combat Short-Term Inflation
Sri Lanka increased fuel and transport prices on Tuesday, a long-flagged move to combat its debilitating economic crisis.
-
Sri Lanka Says India, World Bank Considering $2 Billion Bridge Finance
Sri Lanka's finance minister said on Friday that India and the World Bank are considering extending about $2 billion in bridge finance so it can continue essential imports.
-
World Bank Slashes India, South Asia's Economic Growth Forecast Over Ukraine Crisis
World Bank cut its economic growth forecast for India and South Asia citing worsening supply bottlenecks, rising inflation risks due to Ukraine crisis
-
Sri Lanka Central Bank Hikes Interest Rates By 7% To Tackle Spiraling Inflation
Sri Lanka's central bank has decided to hike interest rates by an unprecedented 700 basis points to tame high inflation amid the worst economic crisis that has led to protests across the country and put President Gotabaya Rajapaksa under mounting pressure to resign.
