Sri Lanka inflation hits record 14 percent as food crisis worsens

2022-01-22 11:00:00 AM

Sri Lanka inflation hits record 14 percent as food crisis worsens

Sri Lanka inflation hits record 14 percent as food crisis worsens

Sri Lanka consumer prices shot up a record 14 percent in December, surpassing a previous high of 11.1 from a month earlier.

A woman displays a food bag while standing near to the people waiting in queue outside a state-run supermarket to buy essential food items in Colombo.AFP/Ishara S. KodikaraCOLOMBO - Sri Lanka consumer prices shot up a record 14 percent in December, surpassing a previous high of 11.1 from a month earlier, official figures showed on Saturday as food and fuel shortages worsen.

Senior ministers warned parliament earlier in the week of a growing food crisis with rice harvests due in March expected to be drastically lower after an agrochemical import ban last year saw farmers abandoning more than 30 percent of agricultural land.

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