Inflation continues to rise towards double digits

Tamil Guardian , 05 August 2012
Sri Lanka's inflation has continued to rise, reaching new heights, as it continues to inch towards double digits, reported the Sunday Times.

Inflation reached 9.8% last month reported the paper, with speculation that the rise will continue unless food prices begin to fall.

This follows from a Reuters poll of 13 analysts, who suggested an increase to 9.4% was possible and the IMF predicting inflation to rise to 9.5%, a 42-month high.

See our earlier post:

Inflation at 42-month high in July (30 July 2012)