Cost of living increasing but at slower pace

Cost of living in Sri Lanka still going up despite the contribution by the Yala harvest, says the Central Bank. Cost of living in Sri Lanka still going up despite the contribution by the Yala harvest, says the Central Bank. Prices dropped in August, compared to July, reflecting the historic seasonal pattern because of the influx of agricultural commodities from the Yala harvest.

“However, the annual average inflation rose further to 12.8 per cent and 11.3 per cent, respectively, as per the CCPI and CDCPI in August 2005, but the rate of increase appeared to be decelerating,” said the Central Bank.

The CCPI, the official measure of price changes within the Colombo Municipality for the lowest 40 percent of income groups, decreased by 1.0 percent over the previous month.

The annual average increase of the CCPI rose marginally to 12.8 per cent from 12.7 per cent in July 2005.

The CDCPI – for the lowest 40 per cent of income earning households covering the Colombo District – decreased by 1.2 percent in August 2005 over July 2005.

The annual average increase of the index rose to 11.3