Economists say annual headline inflation will likely start easing from September s 7.41% peak because of a jump in the index in corresponding months last year, but price pressures on grains, vegetable and milk will persist.
The annual wholesale price-based inflation in India rose to a record 14.55 per cent in March from the previous month s 13.11 per cent, according to the data released by the government, , High Food Inflation, Household Demand, consumption patterns, experts
According to the World Bank's Sri Lanka Development Update, Sri Lanka is experiencing an extreme economic crisis as a result of job and earnings losses, significant food inflation, and the country's depleting funds (SLDU).
The government has stoked inflation by creating money to pay off domestic loans and international liabilities.
According to the World Bank, the number of individuals living in poverty has likely increased by 11.7 per cent, or over half a million people, since the coronavirus pandemic began.