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The Cost of a Kevili Table in 2024
The cost of assorting a traditional “kevili” table for the Sinhala and Tamil New Year has gone down in 2024 compared to 2023 but remains more than twice as high as it was in 2019. The cost of ingredients in 2024 is 2% less than it was in 2023. In 2023 the costs had increased by 2.3 times compared to 2019. In 2024 this had reduced to 2.2 times the cost of 2019. A kevili table features an array of traditional Sri Lankan sweetmeats symbolising prosperity and happiness. Despite variations between households, the typical elements of a kevili table include milk rice, kokis, banana, aluwa, kevum, dodol, mun kevum, and butter cake. The analysis used quantities based on recipes from the popular YouTube channel “Appe Amma” for a household of 4-5 persons. Only the main ingredients were costed; utilities (electricity/gas) and spices were not costed. The price data was sourced directly from the Department of Census and Statistics, including its Open Market Weekly Average Retail prices in the Colombo District for the years 2019 (April Week 1), 2023 (April Week 1), and 2024 (March Week 3).
Featured Insight
The Cost of a Kevili Table in 2024
The cost of assorting a traditional “kevili” table for the Sinhala and Tamil New Year has gone down in 2024 compared to 2023 but remains more than twice as high as it was in 2019. The cost of ingredients in 2024 is 2% less than it was in 2023. In 2023 the costs had increased by 2.3 times compared to 2019. In 2024 this had reduced to 2.2 times the cost of 2019. A kevili table features an array of traditional Sri Lankan sweetmeats symbolising prosperity and happiness. Despite variations between households, the typical elements of a kevili table include milk rice, kokis, banana, aluwa, kevum, dodol, mun kevum, and butter cake. The analysis used quantities based on recipes from the popular YouTube channel “Appe Amma” for a household of 4-5 persons. Only the main ingredients were costed; utilities (electricity/gas) and spices were not costed. The price data was sourced directly from the Department of Census and Statistics, including its Open Market Weekly Average Retail prices in the Colombo District for the years 2019 (April Week 1), 2023 (April Week 1), and 2024 (March Week 3).
Featured Insight
The Cost of a Kevili Table in 2024
The cost of assorting a traditional “kevili” table for the Sinhala and Tamil New Year has gone down in 2024 compared to 2023 but remains more than twice as high as it was in 2019. The cost of ingredients in 2024 is 2% less than it was in 2023. In 2023 the costs had increased by 2.3 times compared to 2019. In 2024 this had reduced to 2.2 times the cost of 2019. A kevili table features an array of traditional Sri Lankan sweetmeats symbolising prosperity and happiness. Despite variations between households, the typical elements of a kevili table include milk rice, kokis, banana, aluwa, kevum, dodol, mun kevum, and butter cake. The analysis used quantities based on recipes from the popular YouTube channel “Appe Amma” for a household of 4-5 persons. Only the main ingredients were costed; utilities (electricity/gas) and spices were not costed. The price data was sourced directly from the Department of Census and Statistics, including its Open Market Weekly Average Retail prices in the Colombo District for the years 2019 (April Week 1), 2023 (April Week 1), and 2024 (March Week 3).
Featured Insight
The Cost of a Kevili Table in 2024
The cost of assorting a traditional “kevili” table for the Sinhala and Tamil New Year has gone down in 2024 compared to 2023 but remains more than twice as high as it was in 2019. The cost of ingredients in 2024 is 2% less than it was in 2023. In 2023 the costs had increased by 2.3 times compared to 2019. In 2024 this had reduced to 2.2 times the cost of 2019. A kevili table features an array of traditional Sri Lankan sweetmeats symbolising prosperity and happiness. Despite variations between households, the typical elements of a kevili table include milk rice, kokis, banana, aluwa, kevum, dodol, mun kevum, and butter cake. The analysis used quantities based on recipes from the popular YouTube channel “Appe Amma” for a household of 4-5 persons. Only the main ingredients were costed; utilities (electricity/gas) and spices were not costed. The price data was sourced directly from the Department of Census and Statistics, including its Open Market Weekly Average Retail prices in the Colombo District for the years 2019 (April Week 1), 2023 (April Week 1), and 2024 (March Week 3).
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Insights and analysis on the financing of the budget deficit.
How did Sri Lanka Finance Government Expenditure in 2022?
Total government expenditure for the year 2022 amounted to LKR 4,472 billion. Out of which total revenue and grants could only cover 45% of spending while the remaining 55% was financed via borrowings. The infographic below provides a breakd...
From The PF Wire
Source:
Daily Mirror
Paris Club ready for close coordination with China...
The Paris Club creditor nations last month reached out to China and India seeking to coordinate closely on Sri Lanka's debt talks, but is still awaiting a reply, a source with direct knowledge of the matter told Reuters on Thursday.
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Ceylon Today
IMF agreement signals sharp change in policy setti...
The IMF staff-level agreement with Sri Lanka on a USD 2.9 billion programme, confirmed on 1 September, appears to signal a sharp change in policy settings in order to achieve macroeconomic stability, including through large fiscal adjustment...
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Source:
EconomyNext
Sri Lanka foreign reserves US$3,137mn in Dec, gold...
Sri Lanka’s foreign reserves rose to 3,137.6 million US dollars at the end of December 2021, up from 1,588.4 million US dollars, while a part of the the gold reserves have been sold, data shows.
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Insight on Financing
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Featured
Will the Increase in Cigarette Taxes Meet Budgeted...
On the 1st of Jan 2023, the government increased excises taxes on cigarettes by 20% as follows: Size Old Excise Tax per Cigarette New Excise Tax per Cigarette...
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International Women's Day
In Sri Lanka, as shown above, women are half as likely to enter the labour market, and twice as likely to be unemployed than men. 82% of the unemployment for women comes from between the ages of 20 and 40. This is almost seven times the unemployment compared to women...
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Economic Policies in an Election Year: Some Inconv...
Dr. Sharmini Coorey is a non-resident fellow at Verité Research. She was a former Department Director at the International Monetary Fund (IMF) and currently a member of the Presidential Advisory Group on multilateral engageme...
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