70% increase in inflation rate in Sri Lanka during one month – Daily Asas News IG News

Colombo: The inflation rate in Sri Lanka has reached the highest level in the country’s history with an increase of 70 percent. According to the international media, according to the data released by the Consumer Price Index, the inflation rate in Sri Lanka was 70.2% during August.
According to the index, during August, the prices of food items increased by 84.6% while the prices of non-food items increased by 57.1%. Experts say that the country’s economy is facing economic instability due to wrong policies, non-availability of dollars. Because the country’s economy is going through the worst situation. The economic slowdown after the Corona epidemic has affected the import of basic food items including petroleum products, medicine and manufacturing sector in Sri Lanka.