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The South Asian nation is facing its worst economic crisis since independence from the UK in 1948.
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Graham Watson
September 22, 2022 3:06 AM
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And we think we've got it bad! The official inflation rate in Sri Lanka has reached 70.2%, but I wonder whether the consumer bundle has been updated to reflect current consumption patterns. I know it lagged somewhat when I was there in the 1990s.
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However, what are the costs of such high inflation. You should be able to identify some of the problems that arise when inflation reaches such a level.