The economic crisis deepened in Sri Lanka; Bread prices increased by Rs 20, other goods by Rs 10

Image Source: PTI People wait in a queue with empty cylinders to buy domestic gas at a distribution center in Colombo

Sri Lanka economic crisis: One industry hiked the price of 450 grams of bread by Rs 20 from midnight on Wednesday, while the price hike of wheat flour in other bakery items will increase the price by Rs 10 in crisis-hit Sri Lanka. The association made the announcement on Tuesday.

Sri Lanka’s Daily Mirror News website quoted NK Jayawardene, president of the All Ceylon Bakery Owners Association, on Monday as the decision to hike the prices due to the increase in the price of one kilogram of wheat flour by Rs 32.

The president of the association explained that one kilogram of wheat flour earlier at a price of Rs 84.50 in the market is now sold for more than Rs 300.

“The value of rupee against dollar is not more than Rs 400, but the price of flour has increased to Rs 300 in the local market and thus the price of wheat flour has gone up by 400 per cent,” Jayawardene said.

Sri Lanka, a country of 22 million people, is in the grip of an unprecedented economic turmoil, the worst in seven decades, leaving millions struggling to buy food, medicine, fuel and other essentials.

Schools have been suspended and fuel has been restricted to essential services. Patients are unable to go to hospitals due to lack of fuel and food prices are rising.

President Gotabya Rajapaksa has officially informed Prime Minister Ranil Wickremesinghe that he will resign on July 13, as previously announced, the PM’s office said on Monday, as protesters protested against the government in the face of the country’s worst economic crisis. Wrongly stormed the houses of both the leaders in anger.

Protesters have continued to occupy the capital’s three main buildings, the Rashtrapati Bhavan, the President’s Secretariat and the Prime Minister’s official residence, the Temple Tree, since Saturday.

The country, with an acute foreign exchange crisis that resulted in foreign debt defaults, announced in April that it would suspend foreign debt repayments of about USD 7 billion for the year, out of about USD 25 billion by 2026. Used to be. Sri Lanka’s total external debt is USD 51 billion.

10 injured in scuffle inside PM’s official residence occupied by protesters

At least 10 people, including a woman, were injured in clashes on Tuesday inside the Araliagah temple, the official residence of Sri Lankan protesters-occupied Prime Minister Ranil Wickremesinghe. The media gave this information on Tuesday.

Protesters demanding the resignation of President Gotabya Rajapaksa as well as the Prime Minister on Friday occupied the trees of the Rashtrapati Bhavan, the President’s Secretariat and the temple, the official residence of the Prime Minister.

Earlier, anti-government protesters torched Wickremesinghe’s private residence in Cambridge Place on Saturday night, causing extensive damage to property.

latest world news