Inflation in Sri Lanka drops to single-digit levels in July
Posted by Editor on July 31, 2023 - 7:07 pm
![Vegetable seller in Sri Lanka](https://www.onlanka.com/wp-content/uploads/2024/04/vegetable-seller-in-sri-lanka.jpg)
(Photo: YouTube)
Sri Lanka’s inflation dropped to 6.3% in July 2023, reported the Department of Census and Statistics today (July 31).
It added that the overall rate of inflation measured by the Colombo Consumer Price Index (CCPI) dropped from 12% in June 2023.
The Department of Census and Statistics noted that food inflation decreased to -1.4% in July 2023 from 4.1% in June 2023.
Latest Headlines in Sri Lanka
- Sri Lanka’s security chiefs instructed to ensure safety during Presidential Election July 26, 2024
- Sri Lankan Prime Minister says President cannot appoint acting IGP July 26, 2024
- Bonds placed for Ranil Wickremesinghe to contest Sri Lanka’s Presidential Election July 26, 2024
- Sri Lanka announces 2024 Presidential Election date July 26, 2024
- 22% of Sri Lankan households in debt; 14.2% job losses from economic crisis July 25, 2024