Inflation could rise to a staggering 40 per cent in the next couple of months, but it was being driven largely by supply-side pressures and measures by the country’s central bank and government were already reining in demand-side inflation, the central bank’s Governor P Nandalal Weerasinghe said on Thursday.
Inflation hit 29.8 per cent in April with food prices up 46.6 per cent year-on-year.
He said the central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages.
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