Sri Lanka’s 12-month inflation slows to 4.4-pct in November

ECONOMYNEXT – Sri Lanka’s 12-month inflation rose 4.4 percent in the 12- month to November, dropping from 5.3 percent a month earlier, data from the state statistics office showed.

Prices increased 0.3 percent in the month with the Colombo Consumer Price Index rising to 131.7 points from 131.3 points.

The 12-month inflation dropped due to the base effects. The index jumped 1.3 percent in November 2018.

Sri Lanka’s inflation has been picking up in 2019, after a collapse of the currency in 2017.

In the calendar year 2018, inflation was 2.8 percent. Prices have risen 4.0 percent so far this year.(Colombo/Nov30/2019)