Sri Lanka Inflation Slows, Providing Scope to Support Growth
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Sri Lankan inflation slowed in November to a 16-month low, providing scope for the central bank to refrain from raising interest rates and shield growth from the faltering global economy.
Consumer prices in the capital, Colombo, climbed 4.7 percent from a year earlier after gaining 5.1 percent in October, the Department of Census and Statistics said on its website today. The median of five estimates in a Bloomberg News survey was for a 4.4 percent increase.