Sri Lanka inflation slows to 4.3-pct in July

July 30, 2010 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 4.3 percent in July 2010 from a year earlier, down from 4.8 percent in June, the fifth straight monthly fall, the government statistics office said. But the 12-month moving average, which is a lagging indicator spread over two years and has been on the rise since March, rose to 4.2 percent in July 2010 from 3.9 percent in June 2010.

In the month of July the Colombo consumer price index remained almost stagnant in absolute terms at 217.6 down from 217.7 in June 2010. The Central Bank, has said it intends keeping inflation at single digit levels. Inflation hit 28 percent in June 2008.