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Indian Subcontinent

Sri Lanka's food inflation hits record high amid shortages

January 02, 2022 12:31 PM

The food inflation rose to a record 22.1% in December in Sri Lanka amid an acute shortage of essentials, according to Colombo Consumer Price Index (CCPI) on Saturday.

The overall inflation was at a record 12.01% in December.

The country's economy has been impacted by the COVID-19 pandemic, leading to the foreign exchange reserves crisis.

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