Single digit inflation for 5 years: Now the challenge is to get out of ‘Lowflation Trap’

November 17, 2014

Driving down CCPI through administrative measures
When the annual increase in the cost of living of average consumers in Colombo and suburbs declined from 3.5% in September to 1.6% in October 2014, the Central Bank could not hide its joy. In its press release on Inflation in October, the Bank has said that ‘inflation has declined considerably in October’ (available at: Inflation declines considerably in October).

Single Digit Inflation for 5 Years Now the Challenge is to Get Out of ‘Lowflation Trap’ by Thavam Ratna