Sri Lanka inflation eases to 7.1-pct in June

June 30, 2011 (LBO) - Consumer prices in Sri Lanka's capital Colombo rose 7.1 percent by June 2011, down from 8.
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2 percent in May, with prices falling 0.
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2 percent during the month, the government's statistics office said. The food category fell 1.0 percent during the month, but all other categories rose or were flat.
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The clothing and footwear category gained 1.3 percent, furnishing and housing rose 1.
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0 percent and transport rose 0.8 percent. Sri Lanka's central bank has earlier said that inflation will ease after April.
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Sri Lanka still has some of the highest levels of inflation in Asia, though lower than Vietnam.
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From June the statistics office has changed base to a new consumer survey which measures consumption patterns in 2006/7.

The share of food has fallen to 41.03 percent in the new Colombo Consumers; Price Index from 46.7 percent in the earlier base of 2002.

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