Sri Lanka July annualized inflation 12.7%

Sri Lanka’s consumer price index rose 12.7 percent in the 12 months to the end of July, accelerating from 11.1 percent rise in June, due to a hike in fuel prices, the Census and Statistics Board said Friday. Sri Lanka’s consumer price index rose 12.7 percent in the 12 months to the end of July, accelerating from 11.1 percent rise in June, due to a hike in fuel prices, the Census and Statistics Board said Friday. The twelve month moving average is usually taken as the official inflation figure by the government.

The Census and Statistics Board also said on-year inflation picked up to 10.8 percent in July from 9.4 percent in June.

Sri Lanka imports all its crude-oil requirements, and a weaker rupee has made inward shipments more expensive.

The consumer price index rose slightly to 4073 in June from 4019 in June.

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