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Sri Lanka Inflation rate jumps to 70.2% in August

Sri Lanka's annual inflation rate surged to more than 70% in August as it struggles with its worst economic crisis in over seven decades.
 
Official data also showed food prices rose by 84.6% compared to a year ago.
 
The South Asian nation of 22 million people was plunged into financial and political chaos this year as it faced a shortage of foreign currencies.
 
The country has been unable to afford key imports - including fuel, fertiliser and medicine.


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