Sri Lankan central bank reveals inflation spike in 2012


The Central Bank of Sri Lanka's Annual Report 2012, released yesterday, praised the country's economic achievements despite growth falling and inflation rising last year.

GDP growth fell from 8.3% in 2011 to 6.4% in 2012, which the central bank attributes to a "sluggish" global recovery and "unfavourable weather conditions".

Year-on-year inflation rose to 9.2% by the end of 2012, rapidly accelerating in the middle of the year as a result of supply-side factors, the report said. The average

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