CURRENT AFFAIRS

Detailed explanation-1: -Sri Lanka recorded 70.2 per cent inflation rate for August 2022.

Detailed explanation-2: -Sept. 21, 2022, at 5:44 a.m. (Reuters) - Consumer inflation in Sri Lanka accelerated to 70.2% in August, the statistics department said on Wednesday, as the island nation reels under its worst economic crisis in decades.

Detailed explanation-3: -Double-Digit Inflation in 2022 Globally, Zimbabwe, Lebanon, and Venezuela have the highest rates in the world. *Inflation rates based on the latest available data. As price pressures mount, 33 central banks tracked by the Bank of International Settlements (out of a total of 38) have raised interest rates this year.

Detailed explanation-4: -The core inflation (Y-o-Y), which reflects the underlying inflation in the economy increased to 50.2% in September 2022 from 46.6% in August 2022, while annual average core inflation increased to 24.1% in September 2022 from 20.3% in August 2022.

Detailed explanation-5: -The highest inflation rates in the world Three of the ten highest rates are found in Africa, with Zimbabwe having the highest inflation rate in the world at 269%.