Sri Lanka Inflation: Sri Lanka is currently in chaos. Inflation in Sri Lanka has broken all records. Sri Lanka is currently facing a severe financial crisis. People have to stand in line for hours to fill petrol. So, now citizens have to fight even to buy daily use items. As prices of vegetables, fruits, and essential commodities have skyrocketed, people fall prey to famine. (Sri Lanka Inflation Rate)
Buying fruits and vegetables in Sri Lanka is now beyond the reach of common citizens. So, stocks of other foods are also running out. Due to this, food prices are increasing. Moreover, there is a shortage of many essential commodities. One kilogram of apples has gone up from Rs 1,500 ($4.18) to Rs 1,600 ($4.46). In January, the price of an apple was Rs 350 ($1). Its price has tripled now.
Sri Lankan citizens must pay 600 ($1.67) rupees for one kilo of Peru. So, earlier in January, the price was Rs.300. Also, one kg of oranges was Rs.1500 ($4.18). In January, the price of strawberries was Rs 500 ($1.39) per kg; now, it has gone up to Rs 750 ($2.09) per kg.
As Sri Lanka has low foreign exchange reserves, it is not importing goods, and the effect is now being seen in the markets. Sri Lanka has run out of pasta. So, Cornflakes Rs 500 ($1.39), Sauce Rs 450 ($1.25), Nutella Rs 4500 ($12.54) per kg, Cashews Rs 6 ($16.72) thousand per kg, Butter Rs 1300 ($3.62) per kg, Cheese Rs 1500 ($4.18) per 100 grams. The prices of goods have increased manifold.
Meanwhile, the economic crisis has led to severe shortages of essential items such as food, medicine, cooking gas, fuel, and toilet paper. Citizens have to queue for hours outside the shops to buy fuel and cooking gas. 6.3 million citizens have the delusion of food. At least 65 thousand 600 of these citizens are in a critical condition regarding food. WFP has warned in its report that if there is no timely intervention, this number will likely increase. Skyrocketing food prices make it difficult for citizens to meet their food needs. About 6.7 million people do not have enough food, and 5.3 million people are reducing their food intake, WFP observes.