Sri Lanka inflation rises to 2.7% in April from 2.5% in March

Summary

• Sri Lanka’s consumer price inflation rose to 2.7% in April
• Food prices increased by 3.3%, while non-food items rose by 2.3%
• Analysts predict inflation to stay within the Central Bank’s target of 5%
• Central Bank of Sri Lanka has cut policy rates by 700 bps to aid economic growth

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