Sri Lanka national inflation slows to 3.5-pct in May

ECONOMYNEXT – Sri Lanka’s nationwide inflation slowed down to 3.5 percent in the 12-months to May 2019, for the first time in six months, from 3.6 percent in April, the central bank said.

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

In the food category prices contracted by 0.4 percent in May 2019 from a year ago while non-food inflation was 6.7 percent.

A statement said that when the monthly change is considered, the National Consumer Price Index (NCPI) increased by 1,1 per cent in May 2019 with increases seen in prices of items in both Food and Non-food categories.

Core inflation, which reflects the underlying inflation in the economy, remained unchanged at 6.3 per cent in April 2019 compared to the year before, the central bank said.
(COLOMBO, 21 June, 2019)

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