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Wed, 22 October 2014 06:34:14
Sri Lanka's inflation accelerates to 9.5-pct in November
30 Nov, 2012 15:57:15
Nov 30, 2012 (LBO) - Consumer prices in Sri Lanka's capital Colombo rose 9.5 percent in November 2012 from a year earlier, accelerating from 8.9 percent a month earlier, data from the state statistics office showed.
The Colombo Consumer Price Index rose 1.3 percent to 167.1 points during the month, with the food component in the index suddenly rising 2.4 percent.

The index which rose to 166.7 points in July following a sharp depreciation of the currency fell in absolute terms for three months in a row.

The rupee also gained with tighter monetary policy involving outright sales of its Treasury bills to mop up liquidity.

From October monetary policy loosened with the central bank printing and injecting large volumes of one month money into the banking system at around 200 points below market interest rates, halting the strengthening of the currency.

Government borrowing pressures, which eased with the sale of a sovereign bond in July has also started to hit credit markets.

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READER COMMENT(S)
1. Siripala Dec 01
I have no faith in these figures at all. How on earth has managed to be 9.5. For goodness sake, stop insulting our intelligence . We know this is a whitewash strategy by the statistics office.

78% of statistics are made up any way.