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Sat, 20 September 2014 06:50:28
Sri Lanka inflation rises 9.8-pct in Jan 2013
31 Jan, 2013 16:09:07
January 31, 2013 (LBO) – Consumer prices in Sri Lanka rose to 9.8 percent in January 2013 from a year earlier accelerating from 9.2 percent a month earlier, official data showed.
The main Colombo Consumer Price Index rose to 170.0 points from 168.6 points recorded in December, the Census and Statistics Department said.

On a 12-month moving average, inflation for January rose to 8.1 percent as against 7.6 percent in December.

In January, the Sri Lanka's Central Bank said it aims to inflate the economy by about 7.0 percent in 2012 based on a monetary targeting framework where money supply and credit growth is taken into account.

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READER COMMENT(S)
1. Sirpala Jan 31
Ignoring the fact that for years the govt. has cooked the books by choosing what was in and what was not in the inflation basket, why anyone is surprised?.
* we are printing billions of rupees - that creates inflation. * devalued our currency to help exporters - as everything we need is imported that drives up inflation.
It would be irrational to expect the inflation to fall given the current situation.