Sri Lanka has recorded its first instance of deflation in 29 years. The Colombo consumer price index shows a decline of 0.5 per cent in September 2024. This marks a significant shift, as inflation stood at 0.

Deflation returns to Sri Lanka after 29 years: Boon or Bane?

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sri lanka-deflation

Deflation returns to Sri Lanka after 29 years: Boon or Bane?