Sri Lanka inflation slows to 4.8-pct in June

Author lbostgadmin | Posted on June 30, 2010 | Economy

June 30, 2010 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 4.8 percent in June 2010 from a year earlier, down from 5.

3 percent in May, the fourth straight monthly fall, the government statistics office said. In the month of June the Colombo consumer price index rose 0.

8 percent in absolute terms to 217.7 from 215.9 points a month earlier.

The Central Bank, has said it intends keeping inflation at single digit levels. Inflation hit 28 percent in June 2008.

The 12-month moving average, which is a lagging indicator spread over two years has been on the rise since March, rose to 3.

9 percent from 3.6 percent in May 2010.