Sri Lanka experienced a 2.1% deflation rate in November 2023, the highest recorded since 1961. The country faced a severe economic crisis...
Sri Lanka experienced a 2.1% deflation rate in November 2023, the highest recorded since 1961.
The country faced a severe economic crisis in 2022, leading to widespread shortages of essential goods.
Inflation peaked at nearly 70% in 2022.
The deflationary trend indicates a potential economic recovery.
Deflation is a sustained decrease in the prices of goods and services across an economy.
It's the opposite of inflation, which is when prices increase
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