According to an economist, Sri Lanka’s inflation is the 3rd highest in the world. An economics Guru at the Johns Hopkins University in USA, Steve Hanke has estimated that Sri Lanka’s true inflation in April is 119%. Hanke annual inflation rates are implied using PPP from free and black market exchange rate data. According to the inflation dashboard, Zimbabwe and Lebanon ranked in top of the chart. Venezuela;s inflation is dropping and listed at 5th place. According to Central Bank stats, Sri Lanka’s inflation in March is 21.5%.
Sri Lanka’s Inflation increased to 21.5% in March 2022 Year-on-Year says Department of Census & Statistics. Sri Lanka’s consumer price inflation hit a record high of double digit 21.5 percent in March month under the National Consumer Price Index (NCPI). After 2015 January month, inflation rate in Sri Lanka has reached the highest percentage.
Sri Lanka’s inflation was driven by monthly increases of prices of items in both Food and Non-food categories. Accordingly, within the Food category, prominent increases were observed in prices of Rice, Coconut Oil, Mysore dhal, Milk powder, Egg, Fresh Fish, Bread and Sugar. (LankaXpress.com)
