Inflation Drops in October 2022

Sri Lanka’s Department of Census and Statistics reported that the Overall Rate of Inflation as measured by the Colombo Consumer Price Index on a Year-on-Year basis is 66.0% in October 2022.

It added that the Year-on-Year inflation calculated for the month of September 2022 was 69.8%.

According to the Department of Census and Statistics Food Inflation dropped to 85.6% in October 2022 from 94.9% in September 2022 on a year-on-year basis.

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