Sri Lanka is heavily dependent on imports, even to meet its basic food supplies including rice, sugar and milk powder. With foreign exchange drying up and the rupee depreciating by more than 11.1 per cent, the price of necessities has catapulted. Sri Lanka’s inflation rocketed further after a record money printing by the government to maintain low interest rates in November.In April last year,
Published on January 15, 2022 17:00