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.

Leave your comment
Comment
Name
Email