Sri Lanka nation-wide inflation 1.7-pct in February 2016
Mar 21, 2016 17:44 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lanka’s consumer prices nation-wide rose 1.7 percent in February 2016 from a year ago, according to a new national price index, compared with a 0.7 percent fall in January, the statistics department said.
On a month-on-month basis, the National Consumer Price Index (NCPI), compiled using prices collected from all nine provinces with a base year of 2013, in February fell 1.1 percent, similar to the month before.
“This increase of inflation in February 2016 was mainly due to the elimination of the effect of price reductions of few essential food items, L.P. Gas, kerosene oil, petrol, diesel and bus fare in the interim budget proposal implemented by the government in February 2015,” Amara Satharasinghe, Director General of Census and Statistics said.
(COLOMBO, March 21, 2016)