Acting Finance Minister Ranjith Siyambalapitiya announced that over the past year, inflation in Sri Lanka has significantly decreased by 62.1%, thanks to President Ranil Wickremesinghe’s robust economic reform agenda.

Mr. Siyambalapitiya also highlighted that inflation, which stood at 66.7% during the first and second quarters of 2022, has now plummeted to just 4.6% for the same period in 2023.

He made this announcement during a press conference held today (21) at the Presidential Media Center, focusing on the theme of ‘Collective Path to a Stable Country.