Sri Lanka Inflation Cools in February on Stronger Currency and Slowing Food Prices
- Sri Lanka's inflation eased to 5.9% in February, from 6.4% in January
- Cooling was driven by a stronger currency and slower food price gains
- Central bank expects inflation to peak in Q3 but not threaten 5% target
- Economy is rebounding with IMF bailout; IMF delegation visiting in March
- Rupee is the 3rd best performing currency in 2023, up 4.4%
