Sri Lanka nation-wide inflation accelerates to 5.3-pct in May 2016

ECONOMYNEXT – Sri Lanka’s consumer prices nation-wide rose 5.3 percent in May 2016 from a year ago, accelerating from 4.3 percent in April, its fourth straight monthly rise, the statistics department said.

On month-on-month basis, the new National Consumer Price Index (NCPI), compiled using prices collected from all nine provinces with a base year of 2013, rose 1.9 percent in May, up from 1.5 percent in April after having fallen 0.7 percent in March.

It was the highest point-to-point inflation since May 2015.
(COLOMBO, June 21, 2016)

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