Inflation rises sharply amid tensions in the Middle East
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Source: Daily News
Published: 2026-05-12 05:33 UTC+10:00
Section: Local
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Middle East, Military & Defence, Energy, Economy & Finance, Sri Lanka, Business & Economy, War & Conflict
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Snippet:
The Colombo Consumer Price Index-based (CCPI-based) headline inflation Y-o-Y (year-on-year) accelerated in April 2026 reflecting the spillovers from the ongoing war in the Middle East, particularly the significant upward adjustments in domestic energy prices.
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