Inflation hits record high in June

Inflation hits record high in June

Inflation hits record high in June

Written by Teena Marian

30 Jun, 2022 | 8:57 pm

COLOMBO (News 1st); For the first time in history, the rate of increase in commodity prices or inflation in this country has exceeded 50 percent.

Sri Lanka’s inflation for June has been recorded at 54.6% this month.

The Department of Census and Statistics stated that food prices have increased by 80% this month.

Prices of non-food items and services rose to 42.4%.

As a result of the current fuel crisis, the rapid increase in vegetable prices has had a major impact on this.

The increase in the prices of other food items including rice, spices, grains and the increase in fuel prices are also the main causes of inflation this month.

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