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)

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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