Sri Lanka’s inflation reached a ninth record respectively in June, official data showed Friday, rising to 54.6 percent a day after the IMF asked the country that went bankrupt to control prices and corruption that ran fast.This is the first time an increase in the Colombo Consumer Price Index (CCPI) passes through a 50 percent sign that is psychologically important, according to the Department of Census and Statistics.
The figures came a few hours after the international monetary funds urged Sri Lanka to contain spiral inflation and overcome corruption as part of an effort to save the problematic economy, which had been damaged by the foreign exchange crisis.The IMF ended 10 direct discussion days with Sri Lanka’s authority in Colombo on Thursday after the country’s request for the possibility of a bailout.CCPI has set the highest new monthly since October, when inflation in-year-year-year only reached 7.6 percent. In May reached 39.1 percent.Rupee has lost more than half of its value to the US dollar this year.
Private economists say consumer prices rise faster than those shown in official statistics.According to an economist at Johns Hopkins University, Steve Hanke, who tracks price increases in world problems, Sri Lanka’s inflation is currently 128 percent, secondly after 365 percent of Zimbabwe.Faced with a lack of acute energy, Sri Lanka observed the closure of an unimportant state institution for two weeks, along with the closure of the school to reduce the trip.22 million people in the country have experienced acute deficiencies from important things -including food, fuel and medicine -for months.
The protest continues outside the office of President Gotabaya Rajapaksa demanding his resignation over the economic chaos that has never happened before and misinterbered.Sri Lanka went to the IMF in April after the country was default on an external debt of $ 51 billion.
