News
CBSL Governor says inflation could rise to 7% this month
By Rathindra Kuruwita
Inflation could rise to about 7% in January 2024, Governor of the Central Bank (CBSL), Dr. Nandalal Weerasinghe has said.
Addressing the media on the first monetary policy review of 2024, Dr. Weerasinghe said on Tuesday that the increase in the Value Added Tax (VAT) and the increased prices of vegetables due to supply-side issues were the main reasons for an increase in inflation.
The VAT was increased by 3 percent, from 15% to 18% from 01 January 2024, after the VAT (Amendment) Bill was passed by Parliament on 11 December 2023.
Sri Lanka’s inflation measured by the Colombo Consumer Price Index (CCPI) increased to 4% in December from 3.4 percent in November, according to the Department of Census and Statistics (DCS).
It has been reported that the death toll in the Gerandi Ella accident which took place this morning has risen to 21. It has also been reported that the government wil rs 1 million as compensation to the families of the victims.
It has been reported that the death toll in the Gerandi Ella bus accident has risen to 11
It has been reported that Eight persons [five males and three females] have died when a SLTB bus operating from Kataragama to Kurunegala via Nuwara Eliya, veered off the road and went down a precipice early morning today (11) in Gerandi Ella in Ramboda along the Nuwara Eliya – Gampola main road, Police said.
At least 37 others injured in the accident, have been admitted to the Nuwar Eliya and Kothmale hospitals.
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