Sri Lanka national inflation hits 3.6-pct in April
ECONOMYNEXT – Sri Lanka’s nationwide inflation rose to 3.6 percent in the 12-months to April 2019, its highest in over a year, from 2.9 percent in March, the central bank said.
The rise in the National Consumer Price Index compiled by the Census and Statistics Department was owing to the monthly increases of prices of items in both Food and Non-food categories, a statement said.
“Non-food inflation continued its increasing trend for the fourth consecutive month recording 7.5 per cent in the current month.”
When the monthly change is considered, the National Consumer Price Index (NCPI) increased by 0.7 per cent in April 2019 with increases seen in prices of items in both Food and Non-food categories.
Within the Food category, prices of vegetables, milk powder, potatoes, fresh fish, limes and big onions recorded notable increases, the statement said.
Within the Non-Food category, prices in Alcoholic Beverages and Tobacco; Transport; Miscellaneous Goods and Services; Health; and Clothing and Footwear sub-categories increased during the month.
Core inflation, which reflects the underlying inflation in the economy, increased to 6.3 per cent in April 2019 compared to 5.8 per cent in March 2019 on year-on-year basis, the central bank said.
This was because of increases in prices of items in the Food category, mainly in milk powder, and the Non-food category particularly in Alcoholic Beverages and Tobacco; and Miscellaneous Goods and Services sub-categories.
(COLOMBO 21 May 2019)