(P30) (Sri Lanka economic News)Sri Lanka News – TRADING ECONOMICS

July 15, 2021

Sri Lanka Tourist Arrivals Plunge 96.7% in H1

The total number of international tourist arrivals to Sri Lanka during June 2021 was 1,614, and during the first six months of the year, it was 16,908, down by 96.7 percent year-on-year. Sri Lanka reopened its boarders on 21st January 2021, following a 10-month pandemic-induced closure since 18th March 2020. France was the largest source of tourist traffic to Sri Lanka in the month of June with 40.5 percent of the total traffic, followed by China (10.9 %), Germany (8.5%), the UK (7.5%), and the US (7.3%). Visitors from Europe became the largest source of tourists to Sri Lanka with 69.7 percent of total arrivals in June, while that of Asia Pacific accounted 17 percent of total arrivals.


Sri Lanka Inflation Rate Rises to 14-Month High
Consumer prices in Sri Lanka jumped 5.2 percent year-on-year in June of 2021, after a 4.5 percent rise in the previous month. It was the fastest inflation rate since April of 2020, supported by rising price pressures in both food (11.3 percent vs 9.9 percent in May) and non-food products (2.5 percent vs 2.2 percent). Meanwhile, the core inflation rate was 3.2 percent in June, the same as in the previous month. On a monthly basis, consumer prices advanced 1.5 percent, following a 1.1 percent gain in May.