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SRI LANKA'S 12-MONTH INFLATION FALLS IN SEPTEMBER.
COLOMBO, Oct 1 Asia Pulse - Consumer prices in Sri Lanka's capital Colombo increased by 24.3 per cent in the 12-months to September 2008, down from 24.9 per cent in August, the government's statistics office said.
The revised Colombo Consumer Price Index (CCPI) grew by only 0.4 per cent in September.
The index has come under fire as an attempt to understate inflation, with an entire sub-group dropped due to political considerations.
Earlier this month a startling revelation was made that the statistics office was spreading some price increases across more than one month.
Sri Lanka's central bank has kept monetary policy tight since the beginning of the year, and a collapsing global commodity bubble has helped reduce inflation imported through the island's peg with the US dollar.
The monetary authority allowed the market to break the peg which was at around ...
- SRI LANKA INFLATION FALLS TO 10.7 PCT.
- News wire article from: AsiaPulse News February 2, 2009 700+ words
...environment. The moving average of the index, which is a lagging indicator, fell to 21.6 per cent from 22.6 per cent. Sri Lanka had tight monetary policy until September 2008, but inflation rose in the first half partly due to loose monetary policy in...
- SRI LANKA FEBRUARY INFLATION FALLS TO 7.6 PCT.
- News wire article from: AsiaPulse News March 2, 2009 700+ words
COLOMBO, March 2 Asia Pulse - Sri Lanka's inflation in the 12 months to February...Governor Nivard Cabraal said last week that Sri Lanka's 12-month inflation would fall to...regulator to relax monetary policy. However Sri Lanka is now in the middle of a severe balance...
- SRI LANKA AUGUST INFLATION FALLS TO 24.9-PCT.
- News wire article from: AsiaPulse News September 1, 2008 700+ words
...Colombo fell to 24.9 per cent in the 12-months to August from 26.6 per cent in July, government statistics showed. Sri Lanka's Central Bank has kept monetary policy tight from the beginning of the year under a strict reserve money targeting regime...
- SRI LANKA'S NOVEMBER INFLATION FALLS TO 16.3 PCT.
- News wire article from: AsiaPulse News December 1, 2008 700+ words
...1 Asia Pulse - Consumer inflation in Sri Lanka's capital Colombo fell to 16.3 per...bus and power and cooking gas fares. Sri Lanka is currently importing deflation through...price structure once the currency falls. Sri Lanka has been rapidly running out of reserves...
- SRI LANKA ANCHOR CURRENCY INFLATION FALLS 1.4% IN JUNE.
- News wire article from: AsiaPulse News July 16, 2009 700+ words
...COLOMBO, July 16 Asia Pulse - Inflation of Sri Lanka's anchor currency, the US dollar...energy index has fallen 25.5 per cent. Sri Lanka maintains an unstable 'soft' peg with...the month of June, inflation of the Sri Lanka rupee measured by the Colombo Consumer...
- SRI LANKA'S RATING OUTLOOK CUT TO NEGATIVE BY S&P.
- News wire article from: AsiaPulse News May 22, 2009 700+ words
...4 percent in 2007. Sri Lanka's ratio of commercial...domestic product (GDP) Sri Lanka's gross external financing...real interest rates as inflation falls, and the potential continued...P said. "Notably, Sri Lanka's public and external...
- SRI LANKA PINS ECONOMIC RECOVERY ON POST-WAR REVIVAL.
- News wire article from: AsiaPulse News June 18, 2009 700+ words
...June 18 Asia Pulse - Sri Lanka's growth which plummeted...official said. In 2001 Sri Lanka's economy contracted...third quarter of 2008 Sri Lanka's economy expanded...But analysts say when inflation falls GDP tends to show a...
- SRI LANKA CENTRAL BANK PROMISES SINGLE DIGIT INFLATION IN 2009.
- News wire article from: AsiaPulse News January 5, 2009 700+ words
...Jan 5 Asia Pulse - Sri Lanka's central bank has...country. In a year that inflation falls, the GDP deflator can...cent. But in general Sri Lanka's monetary policy...dollar peg. In 2008 Sri Lanka expected the monetary...