Colombo inflation accelerates 3.1-pct in April 2016

Inflation

Apr 29, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo has accelerated 3.1 percent in April 2016 from a year earlier, up from 2.0 percent in March 2016 with the inflation index gaining 1.3 percent in the month, the state statistics office said.

The Year on Year inflation of Food Group has increased from 1.4 percent in March 2016 to 4.9 percent in April 2016 while Non‐food Group decreased by 2.5 percent to 1.7 percent during this period.

For the month of April 2016, on year to year basis, contribution to inflation by food commodities was 2.29 percent and the contribution of Nonfood items was 0.89 percent.

The CCPI for all items for the month of April 2016 was 184.1 and it records an increase of 2.4 index points or a percentage of 1.33 compared to the month of March 2016 for which the index was 181.7.

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