Sri Lanka's inflation falls to 2.8% in June: Central Bank

Tags: News
Sri Lanka's inflation continues to remain in single digit for the 65th consecutive month at 2.8 per cent in June, the country's Central Bank has said.

The rate decreased to 2.8 per cent last month on year- on-year. It stood at 3.2 per cent in May this year.

"It is noteworthy to mention that inflation continues to remain in single digit level for the 65th consecutive month in June 2014," the Central Bank said in a statement.

The Annual average inflation also continued its decelerating trend since June 2013 and reached 4.9 per cent in June 2014 from 5.3 per cent in May 2014, the bank added.

The island's economy is projected to grow by 7 per cent this year.

The opposition, however, alleges that growth figures are overstated to attract foreign investments.

Responding to criticism, the government announced last month that it would resort to using International Standards Industrial Classification, the UN system for classifying economic data.

This would apply from the first quarter of 2015.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Media obsession with his layoff smacks of lack of focus

    Pretty much like his abrupt vanishing act had done 50-odd days ago, Congress vice president Rahul Gandhi’s return on Thursday from a long and myster

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Varun Dutt

<b>Riskfactor</b>: Oblivious to reality

The hostile media effect, originally deemed the hostile media phenomenon, ...

Zehra Naqvi

Sensual wordplay

The student of literature looks for form and structure. The ...

Bubbles Sabharwal

The bitter cold heart of life

Life has a heart just as we do. Most times ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture