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Allbet_Bankrupt Sri Lanka\u2019s inflation jumps beyond 50%

Allbet_Bankrupt Sri Lanka\u2019s inflation jumps beyond 50%

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,The Sri Lankan rupee has lost more than half its value against the US dollar this year. – EPA pic, July 1, 2022.

SRI Lanka’s inflation hit a ninth consecutive record in June, official data showed today, rising to 54.6% a day after the IMF asked the bankrupt nation to rein in galloping prices and corruption.

It was the first time the increase in the Colombo Consumer Price Index (CCPI) crossed the psychologically important 50% mark, according to the department of census and statistics.


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