Colombo, Nov 30, 2024 (AFP) - Sri Lanka records highest deflation since 1961

NAMPA / AFP

2024-11-30

Sri Lanka's consumer prices fell by 2.1 percent in November, the highest deflation rate recorded by the economically fragile island nation since 1961, official data showed Saturday. An unprecedented financial crash in 2022 brought months of consumer goods shortages, with inflation peaking at nearly 70 percent that year. Since then, a $2.9 billion bailout loan from the International Monetary Fund, tax hikes and other austerity measures have slowl......

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