Sri Lanka inflation 6.8-pct in January

Author lbostgadmin | Posted on January 31, 2011 | Economy

Jan 31, 2011 (LBO) – Sri Lanka’s inflation in January 2011 rose 6.

8 percent from a year ago after rising 6.9 percent in December 2010, the central bank said.

Prices rose 1.3 percent during January 2011 with the index rising 231.

2 in the month, it said in a statement.

The seasonally adjusted, moving average of the Colombo Consumer Price Index also rose to six percent in January from a year ago, and up from 5.

9 percent in December 2010.

The moving average is a lagging indicator averaged over 24 months.

Annual average inflation was 3.4 percent in 2009.