Investing.com – According to data released by Sri Lanka’s Department of Statistics on Monday, the country’s consumer price inflation rate slowed in January.
The national Consumer Price Index shows that prices increased by 2.4% year-over-year in January, down from the 2.9% rise recorded in December.
The index reflects widespread retail price inflation across the country and is typically published about three weeks after the end of each month.
The decline in inflation rate signals the country’s continued efforts to stabilize prices after experiencing previous economic challenges.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.
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Sri Lanka's inflation rate in January fell from 2.9% in the previous month to 2.4%.
Investing.com – According to data released by Sri Lanka’s Department of Statistics on Monday, the country’s consumer price inflation rate slowed in January.
The national Consumer Price Index shows that prices increased by 2.4% year-over-year in January, down from the 2.9% rise recorded in December.
The index reflects widespread retail price inflation across the country and is typically published about three weeks after the end of each month.
The decline in inflation rate signals the country’s continued efforts to stabilize prices after experiencing previous economic challenges.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.