Sri Lanka’s inflation to bring single digit

Central Bank Governor, Dr Nandalal Weerasinghe says that he hope to bring inflation down to a single digit by the end of July.

Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) decreased to 25.2% in May 2023 from 35.3% in April 2023. The decline in the headline inflation is broadly in line with the disinflation path envisaged by the Central Bank of Sri Lanka (CBSL) in April 2023.