Sri Lanka's key inflation rate eases to 61pc in November
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Dhaka, Nov. 30 -- Sri Lanka's key inflation rate eased to 61 per cent in November from 66 per cent in October, the crisis-struck country's statistics department said on Wednesday.
The Colombo Consumer Price Index (CCPI) reflected a 73.7 per cent jump in food prices from a year earlier and a 54.5 per cent climb in the non-food group, the Census and Statistics Department said in a statement, according to Reuters.
However, the pace of food inflation slowed from an all-time high of 94.9 per cent in September.
Sri Lanka has been struggling with soaring inflation for about a year, partly triggered by its worst financial crisis in seven decades and an ill-thought out seven month ban on chemical fertiliser implemented last year.
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