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Sri Lankan inflation rises to 1% in October

Summary by Ground News
Sri Lanka racked up record high inflation last year after its economy was pummelled by the worst financial crisis in decades. But inflation has fallen sharply since June, partly due to the statistical base effect, but also helped by a stronger rupee currency. The Central Bank of Sri Lanka (CBSL) will announce on Friday its last policy rate decision for this year.

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Channel News Asia broke the news in Singapore on Tuesday, November 21, 2023.
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