Sri Lanka's Inflation Control: Challenges and Perspectives

Sri Lanka is grappling with high inflation rates, reaching up to 67.4% in 2022. The Sri Lanka Central Bank aims to control inflation within a 5% target range, but various factors, including global energy prices and domestic policy, complicate the effort. The impact of inflation is felt differently across the population, with lower-income households bearing the brunt. Government-controlled prices of essential goods also play a role in the overall inflation picture.

Sources

• Lankadeepa