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Sri Lanka's national inflation slows to 6.3-pct in June

Jul 21, 2017 23:17 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Sri Lanka's country-wide inflation, measured by the change in the National Consumer Price Index (NCPI), decelerated for the third month in June 2017, dropping to 6.3 percent from 7.1 percent in May but prices continued to rise during the month.

The Central Bank said prices climbed 1.3 percent during June 2017, with the NCPI, compiled by the Department of Census and Statistics, increasing from 121.8 index points in May 2017 to 123.4 points in June.

But, inflation measured as the 12-month increase in the index slowed after hitting a two-year high of 8.6 percent in March 2017.

Both Food and Non-Food categories contributed towards year-on-year inflation in June 2017.

When the monthly change is considered, the NCPI increased from 121.8 index points in May 2017 to 123.4 index points in June 2017, the central bank statement said.
(COLOMBO, July 21, 2017)