Sri Lankan inflation drops one-third in two months

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The Central Bank of Sri Lanka today revealed that inflation has plummeted further to 6.4%, a drop of 340 basis points in just two months.

Inflation initially fell from 9.8% in February to 7.5% in March, and the central bank earlier this month predicted that it would remain at "benign levels" throughout 2013.

Earlier this month, the monetary board said that any "further deceleration of demand-driven inflation on a sustainable basis would provide space for further easing of monetary policy".


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