Thursday, January 28, 2010

Journal #1 Sri Lanka

http://in.reuters.com/article/companyNews/idINSGE60R0CT20100128

Sri Lanka inflation hits 11- month high in January. Consumer prices keep rising more and more in Sri Lanka. The inflation rate has been high for 11 months due to a low base effect, high food prices, and the rising consumer spending. The consumer prices in January have rose to 6.5 percent. The food index has risen to .75 percent compared to last years data. The inflation of a 12-month average slowed to 3.1 percent, from 3.4 percent in December. Analysts said inflation will pick up continuously due to base effect and rising consumers spending.

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