Sri Lankan inflation rises in April

Foreign exchange reserves rose as a result of central bank intervention

Central Bank of Sri Lanka
Amithasundar/Wikimedia Commons

Annual headline inflation in Sri Lanka rose to 1.5% last month on a year-on-year basis, compared with 0.9% in March, the Central Bank of Sri Lanka (CBSL) said on April 30.

This was accompanied by a rise in core inflation, which went up by 3.4% in April from 3.1% in March. But on a monthly basis, inflation declined, the CBSL said, with April recording -0.8%, down from -1.9% in March.

The central bank said this was in line with its projections and expects inflation to reach its targeted 5% “in the

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