Sri Lanka nationwide inflation declines to 4.5-pct in Aug 2016

Sept 21, 2016 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index declined to 4.5 percent in August from the 5.8 percent reported a month earlier on an yearly basis, data from the state statistics office showed.

In August 2016, the contribution to the inflation from food group and non-food group are 1.84 percent and 2.61 percent respectively.

NCPI has been calculated as 113.3 for August 2016 and it shows a decrease of 1.9 index points to the previous month’s index of 115.2.

This monthly change is due to the decrease of expenditure value of food items by 1.8 percent and increase of expenditure value of non-food items by 0.1 percent.

The expenditure value of food commodity group has decreased by 1.8 percent in August 2016 compared to July 2016.

The expenditure value of non food commodity group has increased by 0.1 percent in August.