Food price inflation rose to 1.3% in October from 0.5% the previous month
– Sri Lanka 's consumer price inflation reached minus 0.7% year-on-year in October after easing to minus 0.2% in September, official data showed on Thursday, as the island nation continued its economic rebound.
The change was largely driven by a slowing in non-food price inflation that dipped to minus 2.3% in October from minus 0.7% in September, the Department of Census and Statistics said.A $2.9 billion International Monetary Fund programme, price revisions in fuel and power tariffs, as well as an appreciating rupee have helped lower Sri Lanka's inflation rate, which hit a peak of 70% in September 2022 at the height of a deep financial crisis.
"We may see the central bank look to reduce interest rates further next week since inflation is likely to stay low for another quarter," said Shehan Cooray, head of research at Acuity Stockbrokers.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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