Sri Lanka's consumer inflation hits record 73.7% in September

Sri Lanka’s National Consumer Price Index (NCPI) based-inflation rose to a new high of 73.7 per cent in September from a year earlier, quickening from 70.2 per cent in August, the statistics department said.
 

Annual food price inflation picked up to 85.8 per cent from 84.6 per cent in August, while prices of non-food items rose 62.8 per cent.
 

Sri Lanka’s Central Bank Governor Nandalal Weerasinghe predicted earlier on Thursday that inflation in the island nation is peaking, with price rises likely to ease this month.
 

The NCPI captures broader retail price inflation and is released with a lag of