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Inflation decelerates

Aug 3, 2010 6:02:31 AM - itnnews.lk

Inflation has dropped continuously for the 5th consecutive month.

The Statistics Department of the Central Bank said that it has dropped to 4.3 in July. The programme implemented to retain the prices of essential goods at a low level has brought down the cost of living.

The Central Bank reduced the interest rates last month to provide its benefits to the economy. The Central Bank said that it expects to retain the inflation at a low level during the remainder of the year.