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Sri Lanka July annualized inflation 12.7%

Sri Lanka's consumer price index rose 12.
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7 percent in the 12 months to the end of July, accelerating from 11.
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1 percent rise in June, due to a hike in fuel prices, the Census and Statistics Board said Friday.
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Sri Lanka's consumer price index rose 12.7 percent in the 12 months to the end of July, accelerating from 11.1 percent rise in June, due to a hike in fuel prices, the Census and Statistics Board said Friday. The twelve month moving average is usually taken as the official inflation figure by the government.
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The Census and Statistics Board also said on-year inflation picked up to 10.8 percent in July from 9.4 percent in June.

Sri Lanka imports all its crude-oil requirements, and a weaker rupee has made inward shipments more expensive.

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The consumer price index rose slightly to 4073 in June from 4019 in June.


-LBO Newsdesk: LBOEmail@vanguardlk.com

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