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Deflation in Sri Lanka
February 6 , 2025
18 days
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- Sri Lanka's consumer prices fell by 4.0 percent in January 2025.
- This is the highest deflation rate since July 1960.
- January was the fifth consecutive month of deflation, according to the Colombo Consumer Price Index.
- Deflation is the sustained decline in the general price level of goods and services.
- It occurs when supply exceeds demand, leading to reduced consumer spending.
- Inflation has hit a record 69.8 percent in September 2022 at the height of the country's economic crisis.
- Sri Lanka had secured a $2.9 billion bailout loan from the International Monetary Fund (IMF) after the 2022 crash.
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