Rising COL

The Colombo District Consumer Price Index (CDCPI) for September shrunk 0.4 per cent to 138.9 over August despite the increase in gas, kerosene and cigarette prices. rnrn
The CDCPI calculated by the Central Bank covers 40 percent of the Colombo Districts lowest income earning households. rn

rnThe Central Bank on Wednesday said a price drop in a range of popular food items covered the kerosene and LP gas price hikes and other increases including the upward revision of cigarette prices in September. rn

rnThe drop also cut back on the annual increase to around 0.5 per cent, down from a 1.2 per cent increase up to end August. rn

rnHowever, the effect of the LP gas, kerosene and cigarette price revision had an inflationary impact of metropolitan Colombos population. rn

rnThe Colombo Consumer Price Index (CCPI) that coves 40 percent of the lowest income earning households within the city municipality. rn

rnThe CCPI rose to 3302.3 points in September from 3150.8 during the same period in 2002. rn