Reasons behind record inflation are chicken and egg: Planning Minister

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Reasons behind record inflation are chicken and egg: Planning Minister

Shawdesh Desk:

In the month of August, the food sector saw 12.54 percent inflation. This record inflation was caused due to chicken and egg, commented Planning Minister MA Mannan.

He made this remark after ECNEC meeting at NEC conference room at Sher-e-Bangla Nagar in the capital on Tuesday.

The planning minister said, “I will try to address the inflation. Soon, I will try to reduce it. The inflation in August was caused due to chicken and egg.”

Regarding the inflation, he said, “The inflation is increasing at a tolerable level. The inflation of Sri Lanka jumped but is declining now.”

In the last month, there was 12.54 percent inflation in the food sector, which was not happened in the last year. The food sector saw 9.76 percent inflation in July. That means, some 2.78 percent inflation increased in August, he said.