Sri Lanka’s September inflation dips

Sri Lanka’s annualised inflation eased to 12.7 percent in the twelve months to September, due to a drop in certain food prices, the Central Bank said Friday. Sri Lanka’s annualised inflation eased to 12.7 percent in the twelve months to September, due to a drop in certain food prices, the Central Bank said Friday. The twelve month moving average is usually taken as the official inflation figure by the government.

Prices of fish, dried fish, potatoes, big onions, dhal and few varieties of vegetables had dropped during the month, which helped bring the consumer price index down, the bank said.

However, prices of rice, wheat flour, leafy vegetables, fruit and other types of vegetables, chicken, eggs, lime, red onions, green chillies, packeted food items and prepaid food items, continued to rise.

As a result the Colombo consumer price index rose to 4,072.4 in September from 4032.1 in August.

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