Sri Lanka, May 28 -- The Central Bank of Sri Lanka (CBSL) states that the cost of living for individuals in the country has doubled compared to 2021.

However, the increase in the cost of living in 2024 compared to 2023 has been minimal, according to the Assistant Governor of the Central Bank, Dr. Chandranath Amarasekara.

Speaking at a press conference held at the Central Bank of Sri Lanka, Dr. Amarasekara noted that although the public is currently benefiting from a decline in inflation, the overall cost of living remains significantly higher than it was in 2021.

"Even when we consider personal income, it is evident that we are in a challenging situation due to elevated price levels and the increased cost of living. For instance, if we...