Sri Lanka’s national inflation picks up to 1.2-pct in January
ECONOMYNEXT- Sri Lanka’s nation-wide inflation picked up to 1.2 percent in the 12 months to January 2019 from 0.4 percent in December 2018, the highest in five months, the Central Bank said.
The increase observed in year-on-year inflation in January 2019 was mainly driven by the base effect and increase of prices of items in the non-food category, a statement said.
Non-food inflation increased to 6.5 percent in January 2019 from 4.7 percent in December 2018.
However, year-on-year food inflation decreased further to -4.8 percent in January 2019 from -4.5 percent in December 2018.
The month-on-month change of the National Consumer Price Index, calculated by the Department of Census and Statistics, increased by 0.2 per cent in January 2019.