Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

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

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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