Sri Lanka’s July Inflation Rate Accelerates to a 15-Month High
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Sri Lankan inflation accelerated to 15-month high in July as a drought hurt crops and drove up food costs and a weaker currency made imports costlier.
Consumer prices in the capital, Colombo, increased 9.8 percent from a year earlier after gaining 9.3 percent in June, the Department of Census and Statistics said on its website today. The median of eight estimates in a Bloomberg News survey was 9.4 percent.