Higher sales tax drives Sri Lanka inflation to 6.5% in January

Credit: REUTERS/DINUKA LIYANAWATTE

COLOMBO, Feb 21 (Reuters) - Sri Lanka's consumer price inflation rate accelerated to 6.5% in January year-on-year from 4.2% in December, official data showed on Wednesday, driven by a higher tax needed to meet targets set under a $2.9 billion IMF programme.

The National Consumer Price Index (NCPI) LKNCPI=ECI captures broader retail price inflation and is released with a lag of 21 days every month.

(Reporting by Uditha Jayasinghe; Editing by Andrew Heavens)

((Uditha.Jayasinghe@thomsonreuters.com;))

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