Economics

Sri Lanka CPI Hits Fresh Record Amid Dollar Crunch

CPI rose 54.6% last month amid shortages of essentials
Central bank may be forced to act after pausing in May

WATCH: Sri Lankan Opposition Member of Parliament Harsha de Silva discusses the crises facing the country’s economy.Source: Bloomberg

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By Anusha Ondaatjie

June 30, 2022 at 9:33 AM UTC

Corrected

July 4, 2022 at 4:20 AM UTC

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Sri Lanka’s consumer prices continued their record ascent in June on a persistent shortage of essentials from food to fuel due to the country’s depleted foreign exchange reserves.