Sri Lanka nation-wide inflation surges to 4.3-pct in April 2016

ECONOMYNEXT – Sri Lanka’s consumer prices nation-wide rose 4.3 percent in April 2016 from a year ago, accelerating from 2.2 percent in March, its third 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 1.5 percent in April after having fallen 0.7 percent in March.

Consumer prices in the Sri Lankan capital Colombo, measured by the Colombo Consumer Price Index, had risen 2.0 percent in March 2016 from a year ago.

The statistics department said, on year-on-year basis, the contribution from food commodities to NCPI was 2.14 percent in April 2016 and non-food items was also 2.14 percent.
(COLOMBO, May 23, 2016)

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