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SRI LANKA INFLATION HITS NEW HIGH OF 28.2% IN JUNE.
COLOMBO, July 1 Asia Pulse - Sri Lanka consumer inflation in the capital Colombo accelerated to a new record of 28.2 per cent in June 2008, from 26.2 per cent in May, the government's statistics office said.
In the 30 days to June prices rose 3.7 per cent in the most widely watched Colombo Consumer Price Index (CCPI).
The government changed the weights of the index and its base year after inflation hit 29.9 per cent in April.
Sri Lanka's inflation had been spiking since the middle of 2007 amidst loose monetary policy. The island has the highest inflation in Asia with only Vietnam coming close.
Many Asian nations, ...
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