Sri Lanka inflation NCPI at 4.2-pct in December 2015

Jan 21, 2016 (LBO) – Sri Lanka’s consumer prices rose 4.2 percent in the 12-months to December 2015 from a year earlier, data from the state statistics office showed.

In November 2015, the index which is termed as National Consumer Price Index reported 4.8 percent inflation.

Year on year inflation of Food Group has been decreased from 4.6 percent in November to 2.6 percent in December while Non-food Group increased by 4.9 percent to 5.6 percent during this period.

On year on year basis, contribution of food commodities to inflation was 1.18 percent in December 2015 compared to December 2014, the state statistics office said.

The index for all items for the month of December 2015 was 113.2.

An increase of 1.2 index points or a percentage of 1.1 has been noted in December 2015 compared to November 2015 for which the index was 112.0.

“The index increased by 1.01 percent and this was due to the value change increase of food items by 0.89 percent and value change increase of non-food items by 0.12 percent respectively.” the state statistics office said.

National Consumer Price Index is the latest Consumer Price Index of the Statistics Department that has been released monthly from October 2015.

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