Sri Lanka's annual inflation rises to seven-month high
Colombo, May 1 (Xinhua-ANI): Sri Lanka's annual inflation rate rose to 6.1 percent last month reaching a seven-month high compared to 2011, showed latest data on Tuesday.
The data released by the Central Bank pointed out that April's annual inflation has risen marginally compared with the March figure of 5.5 percent.
"The contribution to the monthly increase in the index came mainly from price increases in the food category, which rose by 1. 0 percent," a statement from the Central Bank said admitting that higher cost of living was affecting the poor.
However, it insisted that costs for health, communication and education remained unchanged in April and the spike in prices for other essentials were due to the Sinhala and Tamil New Year driving up costs.
Rapid depreciation of the rupee in the past three months has forced prices of imported goods to rise. From early February to the end of April the rupee has declined by around 16 percent ending at 131 against the dollar this month. (Xinhua-ANI)
Read More: World Bank | Bank Street | Bank Bazar | Bank Road | Dewas Bank Note Press | State Bank Of Hyderabad | State Bank Of India | State Bank Of Mysore Colony | State Bank Colony | Vennar Bank So | Reserve Bank Building | Reserve Bank Nm Ltd. | Rose Bank Ndso | Jalpaiguri Bank . | Red Bank | Sinha | Bank Harpur So | Bank | Mohana Bank | Right Bank Tenughat S.o. | Akabarpur Bank
Why did Neil Nitin Mukesh and Sonal Chauhan part ways?
May 25, 2013 at 11:46 AM
3 DIED AND 1 INJURED IN CAR -TRUCK MISHAP
May 25, 2013 at 11:34 AM
CRITICS CALL PREITY___S FILM CLICH__ BUT FANS GIVE HER THUMBS UP
May 25, 2013 at 11:21 AM