Sri Lanka c bank predicts sharp drop in inflation

SRI LANKA - The Central Bank (CB) has forecast a sharp drop in the annual average inflation by the end of 2002 with the foreseeable continuation of the present ceasefire in the North.

Data gathered by the CB has shown that the point to point increase in the Sri Lanka Consumer Price Index in August was generally lower than in the corresponding month the previous year, Sri Lanka Daily News reported.

It has observed this as a general trend continuing from the previous months. The Bank has noted