Sri Lanka’s true inflation at 74% in April according to Professor Steve Hanke

Sri Lanka’s headline inflation measured by Hanke’s Annual Inflation Index hit a staggering 74 percent in the year through April 15, 2022 as prices from energy to staples to discretionary items received a jolt last month from the botched rupee float. 

Prof. Steve Hanke, an Economist at John Hopkins, a private research university in Baltimore, Maryland in the United States, measures the inflation in countries with currency troubles, taking the true underlying factors such as the opportunity cost and other associated costs one has to undergo when a good or service is purchased.

–Daily Mirror

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