High inflation recorded in June. The rate of increase in commodity prices or inflation in this nation has surpassed 50% for the first time in history.
This month, Sri Lanka’s inflation rate for June was 54.6 percent. This month’s key drivers of inflation are the rise in fuel prices as well as the price increases for other food goods including rice, spices, and grains.
According to the Department of Census and Statistics, this month’s increase in food costs is 80%. The sharp rise in vegetable prices as a result of the present fuel crisis has significantly affected this.
Prices for non-food products and services increased by 42.4%.