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SL records 12.3% in Misery index - Bandula

1 October 2017 09:32 pm - 9     - {{hitsCtrl.values.hits}}

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Sri Lanka has recorded 12.3 percent in Misery index as of August due to escalating cost of living, Joint Opposition Member MP Bandula Gunawardana said today.

In a press briefing held in Colombo, MP revealed that during the past regime the Misery index had fluctuated less than ten percent but currently it had exceeded the previous rate.

He said that the people had to struggle for their living as most of the prices of essential food items exceeded Rs.100 per kilo while the unemployment also gone up.

“The land which was once a farm-land had now become a barren land. The country’s whole economic system had collapsed therefore the President and economists’ attention should be drawn on the matter immediately,” MP said.

Also he said according to a recent report issued by the United Nations Food and Agriculture Organization thousands of families in the country had to be satisfied with a single meal following the severe drought affected the country recently.

MP Gunawardana said that the country had never experienced such a situation in the past therefore urged the government to strengthen the country’s economic system.

He said the rural folks were severely affected due to the uncontrollable interest rates as a result of the Treasury Bond scam.

MP also outlined that due to unbearable cost of living, the rural people were unable to pay their outstanding debts adding more difficulties to their lives.

MP Gunawardana forecast that the situation could be worsen in the future if the government fails to take preventive measures immediately. (Thilanka Kankarathna)

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  • Snowy Sunday, 01 October 2017 09:49 PM

    Hello Mr. Bandula. We are now free to talk and travel freely without with vans. That is great. As for the desert you are referring to, it was because of the lack of rain. Is the President responsible for that? The cost of living has no effect as people can live with "Rs2,500". Sorry man, I have not forgotten that. You have.

    Ravi Monday, 02 October 2017 01:22 PM

    I agree with you. during MR's time where were you mr Bandula, dont mislead the public with your %

    alex Monday, 02 October 2017 08:41 AM

    yes, nowadays we cannot live with Rs.2500/-

    Kapuruhamila Monday, 02 October 2017 12:27 PM

    and even 2500x4

    gamini Monday, 02 October 2017 08:42 AM

    those were the fine days when you and your boss MR were in power, we could all live happily with just Rs.2500/-

    Mandy Monday, 02 October 2017 09:21 AM

    You look miserable. Your govt. 2009-2015 brought on all the misery for which we are paying now.

    Janaka Monday, 02 October 2017 09:29 AM

    I guess that 12.3% is power hungry JO looters, keep in mind we Srilankans are kind of happy with the present government then past

    Brainmaster Monday, 02 October 2017 09:28 AM

    Blablabla man via DM Android App

    AUSLANKA Monday, 02 October 2017 03:01 PM

    Are you a Economist Bandula? or were you just a tuition master without industry experience?


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