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Sri Lanka records highest deflation in 65 years

2 years ago

A man wears a headband with a slogan against interim Sri Lankan President Ranil Wickremesinghe as he waves the Sri Lankan national flag near the Presidential secretariat in Colombo on 17 July 2022. (Photo by Arun SANKAR / AFP)

Sri Lanka's consumer prices fell by 4.0 percent in January, the highest deflation rate since July 1960, official data showed Friday, as the South Asian nation emerges from its worst economic meltdown.

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