ECONOMYNEXT – Sri Lanka’s nationwide inflation hit a high of 5.0 percent in September 2019, the highest in almost two years, according to central bank data.
The National Consumer Price Index compiled by the Census and Statistics Department had risen 3.4 percent in August 2019, and 2.2 percent in July.
The NCPI last rose over five percent 20 months ago, when it hit 5.4 percent in January 2018
The rise in the National Consumer Price Index in August was owing to the monthly increases of prices of items in both food and non-food categories as well as the effect of a low base a year ago, a statement said.
In September 2019, year-on-year food inflation was 4.9 percent and non-food inflation was 5.1 per cent.
(COLOMBO, 21 October 2019)