Sri Lanka national inflation edges up to 2.2-pct in July

ECONOMYNEXT – Sri Lanka’s nationwide inflation edged up to 2.2 percent in July 2019 after slowing down in the two previous months, the central bank said.

The National Consumer Price Index compiled by the Census and Statistics Department had risen 2.1 percent in June 2019, the lowest in five months, down from 3.5 percent in May.

The marginal rise in the National Consumer Price Index in July was owing to the monthly increases of prices of items in both food and non-food categories, a statement said.

The NCPI increased by 0.2 percent in July 2019.

In the food category, prices of green chillies, fresh fish and potatoes increased while in the non-food category, prices of the items in housing, water, electricity, gas and other fuels, and recreation and culture subcategories increased during the month.

The core inflation, which reflects the underlying inflation in the economy, remained unchanged at 6.1 percent in July 2019 on a year-on-year basis, the central bank said.

However, annual average core inflation increased to 4.7 percent in July 2019 from 4.4 percent in June 2019.
(COLOMBO, 21 August, 2019)