By Sri Lanka’s nationwide inflation has reached 16.8 between 2021-22 January. Increased printing of money has been identified as the main cause of this high rate of inflation.
Parallelly the National Consumer Price Index has been continually increasing around 3% within the three months.
In Sri Lanka, the broader consumer price index, which also includes services that are rising slowly, has risen 17% over the last two years.
Food prices have risen by 40% while shortages are speculated.
Since 2020 money printing was introduced as a strategy to boost a production economy.
Sri Lanka has printed 1.2 trillion rupees in 2021 d in 2020- 505.9 billion rupees had been printed, based on official data
