Sri Lanka records a deflation of 0.2-pct in July after two decades

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July 30, 2015 (LBO) – Sri Lanka has experienced a deflation of 0.2 percent for July 2015, for the first time after March 1995.

The main contributor for this decline was the major decrease in non food prices, statistics department said.

“This was mainly due to the decrease of electricity and water bills, LP gas, kerosene, petrol and diesel.”

Year on year inflation of food group has decreased from 4.0 percent in June 2015 to 2.5 percent in July 2015 while non‐food group increased by ‐3.2 percent to ‐2.5 percent during this period.

The overall rate of inflation measured by Colombo Consumer Price Index on year on year basis is ‐0.2 percent in July 2015 and inflation calculated for June 2015 was 0.1 percent.

The CCPI for all items for the month of July was 182.8.

An increase of 1.2 index point or a percentage of 0.68 has been recorded in July compared to June 2015.

The moving average inflation rate for the month is 1.3 percent and the corresponding rate for June 2015 was 1.7 percent.

 

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Updated