Sri Lanka Inflation Accelerates to 69.8% in September
- Monetary authority scheduled to review policy rates next week
- Nation holding debt recast talks in bid to unlock IMF loan
Workers transport products to a warehouse in Colombo, Sri Lanka.
Photographer: Jonathan Wijayaratne/BloombergThis article is for subscribers only.
Sri Lanka’s inflation accelerated to a fresh record in September amid rising food and fuel costs, but the spike is unlikely to prompt the central bank to resume raising interest rates.
The consumer price index in the capital Colombo rose 69.8% from a year ago, from 64.3% in August, the statistics department said in a statement Friday. A median of four estimates was for a 67% gain in a Bloomberg survey.