Sri Lanka inflation slows to 2.8-pct in December

ECONOMYNEXT – Sri Lanka’s inflation slowed to 2.8 in the 12-months to December 2015, down from 3.1 percent in November, the statistics department said.

Prices rose 0.3 percent during the month with the Colombo Consumer Price Index rising to 185.2 from 184.7 points.

Food price inflation slowed to 0.8 percent during the month from 3 percent in November.

The statistics department said year-on-year inflation of the Food Group fell to 4.2 percent in December 2015 from 5.2 percent in November 2015 while the Non‐food Group increased to 1.5 percent from 1.1 percent during this period.

For the month of December 2015, on a year-on-year basis, contribution to inflation by food commodities was 1.99 percent while contribution of Non food items was 0.77 percent.

The core inflation index, which excludes items like fresh food, energy, and transport edged back up to 4.5 percent in December, the highest in two and a half years, after having fallen from 4.5 percent in October to 4.3 percent in November. (Colombo/December 31, 2015)

Latest Comments

Your email address will not be published. Required fields are marked *