Sri Lanka’s inflation hits 45.3% in May – highest this year
The overall rate of inflation as measured by the National Consumer Price Index on Year-on-Year basis is 45.3% in May 2022, according to Sri Lanka’s Department of Census and Statistics.
Inflation calculated for April 2022 was 33.8%, according to the latest data from the Department of Census and Statistics.
It also said that in respect to May 2021, the reported inflation for the month of May 2022 was mainly due to the higher price levels prevailing in both food and non-food groups.
Accordingly, the Year-on-Year inflation of the food group increased to 58.0% in May 2022 from 45.1% in April 2022 and the Year-on-Year inflation of the non-food group increased to 34.2% in May 2022 from 23.9% in April 2022, it added.
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
Is that all 45.3% . I thought it is about 400% when I did my grocery shopping.