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 2,020 Bn (Nov 2023)

Real wage index turned upside after shape decline of inflation

EconomicsMar 6, 2023
Real wage index turned upside after shape decline of inflation

The real wage index of all the major employee categories ( Public, Formal Private, Informal Private) fell substantially due to accelerated inflation until the last few months of 2022. That resulted in the erosion of purchasing power of the consumers and the contraction of the economy.

Inflation started easing off from September onwards due to the base effect, which resulted in reversing the worsening trend of a real wage growth of the Sri Lankans.

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