Sri Lanka inflation slows to 4.2-pct in March 2018
ECONOMYNEXT – Sri Lanka’s inflation in the 12-months to March 2018 slowed to 4.2 percent from 4.5 percent a month earlier, with prices falling 0.4 percent during the month, data from the state statistics office showed.
The Colombo Consumer Price Index fell to 121.4 points in March 2018 down from 121.9 points in February. The index had fallen absolutely for three straight months, since peaking at 122.9 points in December.
Sri Lanka’s central bank has tightened monetary policy and has avoided printing money, in 2017 after creating a bout of inflation by printing money to collapse the currency between 2015 and 2016.
Sri Lanka’s 12-month inflation peaked at 7.8 percent in October 2018 and has since started to decline. (Colombo/March31/2018)