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Sri Lanka Inflation Surges to Record 30% as Crisis Deepens :
Sri Lanka Inflation Surges to Record 30% as Crisis Deepens :
Sri Lanka Inflation Surges to Record 30% as Crisis Deepens
(Bloomberg) -- Sri Lanka’s inflation rate accelerated to an unprecedented level of almost 30% in April, making it almost certain that the central bank will raise interest rates again to meet conditions for an International Monetary Fund bailout.
Consumer prices in the capital Colombo surged 29.
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