Sri Lanka national consumer price inflation hits 8.8-pct in October
Nov 21, 2017 16:49 PM GMT+0530 | 1 Comment(s)
ECONOMYNEXT – Sri Lanka's national consumer price inflation hit a high of 8.8% in October from a year ago, the Department of Census and Statistics said Tuesday.
The National Consumer Price Index (NCPI) inflation reported for the month of September 2017 was 8.6%.
A statement said that for the month of October 2017, the reported increase in inflation is mainly because of the comparatively lower price levels that prevailed in October 2016 particularly, prices of coconuts, rice and vegetables.
Contributions to the inflation from food group and non-food group in October 2017 are 6.4% and 2.4% respectively, whilst contributions of these two groups to the inflation in October 2016 were 2.3% and 2.8% respectively, reflecting the comparatively lower food prices in October 2016.