Steve Hanke measures SL’ inflation at 130.14%/year

Economist Steve Hanke shared today that according to his accurate measure, Sri Lanka’s inflation stands at 130.14 percent.

According to his update on Twitter today, the measure is over three times the official rate of 39.10 percent.

Prof. 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.

Prof. Hanke takes into account the true underlying factors such as the opportunity cost and other associated costs one has to undergo when a good or service is purchased.