Inflation ( CCPI)54.2% (Jan 2023)
GDP-11.8% (3Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate29.88%
12M T-Bill Rate27.72%
5Y T-Bond Rate29.00%
10Y T-Bond Rate30%
USD/LKR360/363
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Reserves $2.12Bn (Jan 2023)
Cum. Trade Deficit $5.2Bn (Dec 2022)
Cum. Fiscal DeficitLKR 1,647Bn (Oct 2022)

The cost of shipping freight containers across the Pacific Ocean has cooled from record high

InternationalNov 10, 2022
The cost of shipping freight containers across the Pacific Ocean has cooled from record high
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Businesses are finally getting some relief with supply chain costs. In mid-September 2021, the average rate to secure a container on a ship from Asia to the U.S. West Coast reached USD 20,586, a 15-fold increase from early January 2020. But now it is cooling.

Washingtonpost reported the demand for new products is low. vendors manufactures and retailers aren’t ordering as much from Asia, in part because consumer behavior has changed dramatically.

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