Sri Lanka inflation 6.9-pct in December

Author lbostgadmin | Posted on December 31, 2010 | Economy

Dec 31 2010 (LBO) – Sri Lanka’s inflation in December 2010 rose 6.

9 percent from a year earlier after rising 7.

0 percent in November, the central bank said. Prices rose 1.1 percent during the month with the index rising to 228.3 in December from 225.8 in November, it said in a statement.

The seasonally adjusted, moving average of the Colombo Consumer Price Index also rose to 5.9 percent in December 2010 from a year ago, and up from 5.

8 percent in November 2010.

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

Annual average inflation was 3.

4 percent in 2009.