Sri Lankan Financial crisis: Chilli Rs. 710 / kg ...?

Sowmiya Sriram
Sri Lankan Financial crisis: chilli Rs. 710 / kg ...?
 Sri Lanka, which is India's neighbor, is currently facing a major economic and humanitarian crisis. sri lanka is almost bankrupt. According to media reports, inflation there has reached a record high of 11.1 percent. Not only this, but the people there are also suffering from the effects of inflation. Sri Lanka's Advocata Institute has given data on inflation. It said food prices had risen by 15 percent a month. sri lanka has declared a state of the national financial crisis
On august 30 last year, the Sri Lankan government declared a national financial crisis following a sharp rise in food prices following a sharp fall in Sri Lanka's currency. sri lanka is facing major difficulties in repaying loans from many countries, including China.According to data released by the Advocata Institute, food inflation in sri lanka increased by 15 percent between november 2021 and december 2021. In sri lanka, the price of 100 grams of chili was 18 rupees and now it has increased to 71 rupees. That means the price of a kilo of chili has gone up to Rs 710. chilli prices have risen by 287 percent in a single month. The price of 1 kg of potatoes reaches 200 rupees.
Apart from this, the price of eggplant has gone up by 51 percent and the price of the onion by 40 percent. Due to the lack of supply here, people can not even buy their staple milk. The price of a kilo of potatoes has reached 200 rupees.
Prices of other vegetables are:
Tomatoes - Rs 200 / kg
Eggplant - Rs 160 / kg
Marrow - Rs 200 / kg
Cantaloupe - Rs 160 / kg
Beans - Rs 320 / kg
Cabbage - Rs 240 / kg
Carrots - Rs 200 / kg
Banana - Rs 120 / kg

According to the Colombo Gazette, sri lanka has suffered double losses for most of the past decade. One is the lack of funds and the other is the lack of trade. It is noteworthy that the amount of foreign debt in sri lanka has been steadily increasing since 2014.

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