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Inflation in crisis-hit Sri Lanka hits new record

The National Consumer Price Index rose 33.8 percent year-on-year in April, more than six times the 5.5 percent inflation of a year earlier.

May 23, 2022 / 19:04 IST
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Source: Shutterstock
Source: Shutterstock

Sri Lanka's inflation hit a seventh consecutive record high in April as a petrol shortage worsened and food prices rose sharply, official data showed Monday.

The National Consumer Price Index rose 33.8 percent year-on-year in April, more than six times the 5.5 percent inflation of a year earlier.

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Annual food inflation stood at 45.1 percent, according to the latest data released by the Department of Census and Statistics.

Hammered by a foreign exchange crisis, the country's 22 million people have been enduring acute shortages of essentials -- including food and medicines -- for months.