Sri Lanka inflation 0.1-pct in June 2015

COLOMBO (EconomyNext) – Sri Lanka’s consumer prices rose 0.1 percent in the 12-months to June 2015, falling back to the rate in March and April, the central bank said.

Prices rose 1.0 percent during the month of June, the highest rate since January, it said in a statement.

Sri Lanka’s consumer prices are now at their lowest since the 0.5 percent reported in January 2004 with the government having cut taxes on some consumer goods and dropped fuel prices earlier this year.

The annual inflation rate had edged up to 0.2 percent in May.

The 12-month moving average fell to a record low of 1.7 percent in June 2015 from the earlier low of 1.9 percent in May. 

The monthly increase in Colombo Consumers’ Price Index was mainly caused by the increase in food prices, the central bank said.

“Prices of some varieties of vegetables, fresh fish, green chilies, red onions, limes, dhal,  potatoes and sprats increased during June 2015,” it said.

“However, prices of many varieties of fruits, coconuts, coconut oil, big onions and green gram decreased during the month.”

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