Sri Lanka national inflation slows to 2.1-pct in June

ECONOMYNEXT – Sri Lanka’s nationwide inflation slowed down to 2.1 percent in June 2019 from 3.5 percent in May 2019, the lowest in five months, the central bank said.

The fall in the National Consumer Price Index compiled by the Census and Statistics Department in June 2019 was owing to the high base in the same month of the previous year, a statement said.

In the food category prices contracted by 2.9 percent in June 2019 from a year ago while non-food inflation was 6.2 percent.

A statement said that when the monthly change is considered, the National Consumer Price Index (NCPI) increased by 0.4 percent in June 2019 with increases in prices of items in both food and non-food categories.

Core inflation, which reflects the underlying inflation in the economy, slowed to 6.1 percent in June 2019 from 6.3 percent in May 2019.
(COLOMBO, 22 July, 2019)