Expect price hike during New Year - Bandula

Expect price hike during New Year – Bandula

United People’s Freedom Alliance Parliamentarian Bandula Gunawardena says the prices of goods and services will definitely rise during the Sinhala and Tamil New Year.

Speaking at a media briefing held today, MP Gunawardena said the crisis is due to the constant depreciation of the rupee.

MP Bandula Gunawardena said 1 US Dollar which was 131 rupees during Former President Mahinda Rajapaksa’s rule is now 157 rupees.

The Parliamentarian said economists have predicted that 1 US dollar will cost 165 rupees by the end of 2018.

Furthermore, MP Bandula Gunawardena said prices will also rise through the Value Added Tax or VAT imposed from April.

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