Sri Lanka’s inflation hits 15.4% in September

Image courtesy of Sanjeewa Dayarathne (www.Feedback.lk)

September 29, 2006 (LBO) – Consumer prices in Sri Lanka rose to 15.4 percent in Sept from 15.3 percent in August, the Census & Statistics Dept said Friday, due to price gains in electricity, fuel and vegetables. On 12 month moving average inflation for September rose to 11.2 percent from 10.8 percent in August.

The government usually takes the twelve month moving average as the official inflation figure.

Besides fuel and electricity, the department said short supply of consumer goods in the Colombo city saw prices of rice, bread, flour, cooked food, dried chillies, pepper, limes, red onions, coconuts, eggs and some varieties of vegetables rising.

However, there was a drop in prices of sugar, most varieties of fresh fish and potatoes, the statement said. As a result the Colombo Consumer Price Index or CCPI ended at 4699.9in September.