Inflation Eases Further in Sri Lanka, Offering Reprieve in July

Sri Lanka’s inflation pace reached single digits for the first time in 20 months, setting the stage for the central bank to slash borrowing costs further to support recovery.

The consumer price index in Colombo rose 6.3% from a year ago in July, the Statistics Department said on Monday. That compares with a Bloomberg survey estimate of a 7.5% gain and a 12% rise in June. Retail prices were in single digits last in November 2021, according to data compiled by Bloomberg.

Read More : Inflation Eases Further in Sri Lanka, Offering Reprieve in July