Development of inflation rates in Sri Lanka. The inflation rate for consumer prices in Sri Lanka moved over the past 60 years between % and %. For 2020, an inflation rate of % was calculated. During the observation period from 1960 to 2020, the average inflation rate was % per year. Overall, the price increase was 10, %.

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Sri Lanka's top 10 imports accounted for over half (%) of the overall value of its product purchases from other countries. Two among Sri Lanka's most valuable imports experienced increased spending from 2019 to 2020, namely pharmaceuticals (up %) and cereals (up %) buoyed by higher sales of wheat on international markets.

 · . Price Waterhouse Coopers (PwC), one of the world's four largest audit firms recently released a comprehensive report titled 'COVID19 Outbreak: Impact on Sri Lanka and Recommendations' This blogpost seeks to encapsulate the insights revealed by PwC in the context of export businesses.

Fuel crisis severely impacts Sri Lanka March 13, 2022, 7:54 pm Colombo, March 13 (UNI/Xinhua) The fuel crisis, caused by the shortage of foreign exchange, has severely impacted the Sri Lankan society, worsening the country's economic woes.

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 · COVID19: The economic impact simplified. Over the course of the last 10 days or so, crude oil prices have dropped from close to 60 to just a barrel. Like with oil prices, stock markets worldwide have seen major declines in share prices and have closed numerous times. COVID19, the coronavirus that originated in Wuhan and has been in ...

 · On average, the price of a 1Kg packet will be between LKR 150 and LKR200. However, the prices differ, based on the variety, area of cultivation and other factors. The price difference based on rice varieties is on average LKR 20 to LKR30. The price difference based on area of cultivation is on average LKR 30 to LKR50.

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 · Sri Lanka is a tropical island therefore the coastal region is most vulnerable. With a land area of 65,610 square kilometers and 1,340 km of .

 · LankaPropertyWeb's recent studies revealed that while most countries experienced sharp reductions in real estate prices due to the pandemic, in Sri Lanka property prices have remained steady. According to the House Price Index developed by LankaPropertyWeb, all 4 of its key metrics including Apartment prices, House prices and Land prices in Colombo and .

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 · Sri Lanka has declared an economic emergency, after a steep fall in the value of the South Asian country's currency caused a spike .

Sri Lanka's annual inflation climbed to percent in February of 2022 from percent in the previous month. It was the highest inflation rate since November of 2008 and the third consecutive double digit growth in consumer prices as prices continued to rise both for food ( percent vs 25 percent in January) and nonfood products ( percent vs percent ).

 · The excise duty on petrol and diesel will be reduced by Rs 5 and Rs 10 respectively from today, the government has announced on the eve of .

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 · New Delhi: Pacer Deepak Chahar "actually wanted" Chennai Super Kings to stop bidding for him after it had hurtled past Rs 13 crore during the IPL auction as he was afraid that it may come in the way of building a strong team. Bought back by his old franchise for a staggering Rs 14 crore, making him the most expensive Indian bowler at an IPL auction, Chahar said he .

Oil price shocks have the potential to slow down the economic growth and create inflationary pressures in oil importing small economies. A vector auto regression (VAR) model, augmented by Toda and Yamamoto procedure, was estimated using monthly data from to examine the impacts of oil price shocks on Sri Lankan economy. The results indie that linear oil .

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