Inflation ( CCPI)5.9% (Feb 2024)
GDP4.5% (4Q 2023)
Unemployment4.7% (3Q 2023)
3M T-Bill Rate10.17%
12M T-Bill Rate10.28%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR301/303
Reserves $4.517Bn (Feb 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Real Wage indexes fell by excess of 40% among formal private sector

EconomicsDec 3, 2022
Real Wage indexes fell by excess of 40% among formal private sector

Eight five percent of total employment accounted by private sector employment where 28% formal and 57% informal. Inflation hit 70% in September resulting 41% real-wage decline among formal private sector, where salaries are almost fixed per month.

The informal private sector employees who are were used to have variable income hit only by 26% while public sector hit by 33% in September.

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