Double-digit inflation will persist – Report

Double-digit inflation will persist – Report

Double-digit inflation will persist – Report

Written by Amani Nilar

08 Apr, 2022 | 4:26 pm

COLOMBO (News 1st); Sri Lanka’s double-digit inflation is expected to persist at least through the first quarter of next year, reports Bloomberg.

According to a survey of economists, Bloomberg reported that consumer prices will likely surge to around 20% in the second and third quarters of this year.

That is nearly double the pace of projections made in January, and in turn pushed up full-year 2022 forecasts to 16.9% from 9.2% seen earlier.

Latest News


Are you interested in advertising on our website or video channel
Please contact us at [email protected]