Sri Lanka national inflation falls to 4.1-pct in Nov

ECONOMYNEXT- Sri Lanka’s national inflation the 12-months to November 2019 slowed to 4.1 from 5.6 percent in October, but prices rose 0.8 percent in the month, the state statistics office said.

The National Consumer Price Index rose to 0.8 percent in the month of November to 132.9 points, on top of a 1 percent rise in October.

The food sub-index jumped 1.8 percent in November on top of a 2.3 percent rise in October.

Price decreases of food items were reported for big onions, fresh fish, banana, papaw, mangoes and limes.

Price increases of food items were reported for rice, vegetables, red onions, coconuts, potatoes, green chilies, chilli powder, milk powder and coconut oil.

Core inflation, which reflects the underlying inflation without the inclusion of volatile items like food and fuel, declined to 5.5 percent in November from 5.6 percent in October 2019. (Colombo/Dec26/2019)