Sri Lanka consumer prices NCPI soars 6.4-pct in June

Inflation

July 21, 2016 (LBO) – Sri Lanka’s inflation climbed for the fifth straight month in June after recording a fall of 0.7 percent in January, according to the National Consumer Price Index introduced in October last year with 2013 as the base.

According to the Census and Statistics Department, inflation was 6.4 percent in June from a year earlier, compared with a 5.3 percent increase witnessed in May 2016.

This monthly change is due to the expenditure value of food items which increased by 2.1 percent and expenditure value of non-food items which increased by 0.1 percent.

“The monthly increase in food items was mainly due to the increases in prices of vegetables and green chilies,” statistics office said.

Contribution to the inflation from food group and non-food group are 3.4 percent and 3.1 percent respectively.

“It is noteworthy that the contribution of vegetables and green chilies in the food group was 2.0 percent.”

The expenditure value of food commodity group has increased by 2.1 percent in June 2016 compared to May 2016.

There is a 0.1 percent increase in non-food items in June 2016 compared to May 2016.

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