Sri Lanka inflation 6.9-pct in December

Dec 31 2010 (LBO) – Sri Lanka’s inflation in December 2010 rose 6.9 percent from a year earlier after rising 7.0 percent in November, the central bank said. Prices rose 1.1 percent during the month with the index rising to 228.3 in December from 225.8 in November, it said in a statement.

The seasonally adjusted, moving average of the Colombo Consumer Price Index also rose to 5.9 percent in December 2010 from a year ago, and up from 5.8 percent in November 2010.

The moving average is a lagging indicator averaged over 24 months.

Annual average inflation was 3.4 percent in 2009.