Inflation is breaking record after record in Sri Lanka, which is reeling under an extreme financial and political crisis. It has set a record high inflation nine times in a month. The month of June saw a sharp decline in the country's economy. On the last day of the last month, June 30, the Colombo Consumer Price Index (CCPI) crossed 50 percent for the first time. According to the Sri Lankan government, local media Colombo Gadget reports that inflation in Sri Lanka rose to 54.7% on Thursday, the last day of June. The Department of Census and Statistics sees it as the highest inflation in the country in a single day. The country's inflation has been rising since October last year. Inflation in Sri Lanka was 6.8 percent in October. In May this year, it increased to 39.1 percent. Meanwhile, the rupee has depreciated by more than half against the US dollar this year. As a result, the impact on the country's economy is increasing. Private economists say consumer prices are rising faster than government figures show. According to Steve Hank, an economist at Johns Hopkins University, Zimbabwe holds the record for the highest inflation in the world today. The country's inflation rate is 365 percent. This is followed by the South Asian island nation of Sri Lanka, where the country's current inflation rate is 126 percent. The island nation has defaulted for the first time in its history. The country is battling the worst financial crisis in more than 60 years. The country has োধ 8 million in unpaid debt. The interest payment period has expired on May 16. The government has failed to repay the loan even after an additional 30 days. The country's central bank governor sees this as a 'pre-emptive default'. Sri Lanka sought help from the IMF in April this year after defaulting on a 51 billion foreign loan. The International Monetary Fund (IMF) concluded 10 days of talks with Sri Lankan authorities in Colombo on Thursday. The International Monetary Fund (IMF) has called on Sri Lanka to curb rising inflation and tackle corruption as part of its efforts to recover from a crisis in the foreign exchange crisis. Sri Lanka is a country in South Asia with a population of 22 million. The island nation is facing its worst economic crisis since independence in 1947. There is also a shortage of foreign exchange required for importing goods from abroad. At the heart of the country's economic woes is its high dependence on imports. There are several reasons for the collapse of this country's economy. The people of the country complained that the role of the family is more in favor of the king. The island's economy has also been hit by the Kovid epidemic. Tourism has been damaged in the 2019 church bombing. But experts have also blamed economic mismanagement. Foreign exchange reserve deficit. Import of essential goods has stopped. Inflation has led to severe shortages of medicines, fuel and other essential commodities.