Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.90%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR298/299
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Real wages are keep falling

EconomicsNov 8, 2022
Real wages are keep falling

The real wages (wages adjusted for inflation) are falling continuously across all the employee categories. Formal public and private sector real wage contraction is much more severe than the informal private sector, where the wage can adjust ad-hock manner.

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