Sri Lanka’s national inflation picks up to 2.5-pct in June

ECONOMYNEXT – Sri Lanka’s national inflation rose to a four-month high of 2.5 percent in June 2018 from a year ago, the Department of Census and Statistics (DCS) said.

“Inflation remained below 3.0 percent over the last four months,” Amara Satharasinghe, Director General of Census and Statistics said in a statement.

Inflation in May 2018, measured by the National Consumer Price Index (NCPI), was 2.1 percent.

The NCPI, compiled by the Department of Census and Statistics, increased to 126.5 in June from 124.3 index points in May 2018, the statement said.

The non-food group, particularly transport, contributed 2.26 percent to inflation in June 2018 and the food group 0.26 percent compared with last year.

Transport costs rose because of fuel price and bus fare hikes.

When compared with May 2018, inflation in June was food items contributed 1.55 percent to inflation while non-food items contributed 0.26 percent.

(COLOMBO, July 23, 2018)
 

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