Inflation continues to rise towards double digits

Sri Lanka's inflation has continued to rise, reaching new heights, as it continues to inch towards double digits, reported the Sunday Times.

Inflation reached 9.8% last month reported the paper, with speculation that the rise will continue unless food prices begin to fall.

This follows from a Reuters poll of 13 analysts, who suggested an increase to 9.4% was possible and the IMF predicting inflation to rise to 9.5%, a 42-month high.

See our earlier post:

Inflation at 42-month high in July (30 July 2012)

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