Category: Commodity
Sri Lanka’s exports dropped by 15-pct in Sept compared to Aug amid decreased demand
Sri Lanka’s merchandise exports decreased by 11.88 % to US$ 951.5 Million in September 2023 compared to September 2022 as per the provisional data released by Sri Lanka Customs. Also, it is a 14.94 % decrease when compared to the value recorded in August 2023. The decline in merchandise exports is due to decreased demand […]
CCPI-based headline inflation decreased to 1.3-pct in September 2023
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 decreased to 1.3% in September 2023 from 4.0% in August 2023. The decline in the headline inflation is mostly in line with the projections envisaged by the Central Bank of Sri Lanka (CBSL) in July 2023. The Food […]
Sri Lanka’s merchandise exports surpassed USD 1 billion mark in August
Sri Lanka’s merchandise exports increased by 6.98 % to US$ 1,091.6 Million in August 2023 compared to July 2023 as per the provisional data released by the Sri Lanka Customs. However, it is a 10.91 % decrease when compared to the value recorded in August 2022. The decline in merchandise exports is due to decreased […]
Import restrictions, except for vehicles to be lifted by next month: Minister
Finance State Minister Shehan Semasinghe says that import restrictions on goods, except for vehicles, will be lifted by next month with the goal of stabilizing prices, as supply shortages have caused price increases for certain products. “Presently, import restrictions are in place for 600 HS codes,” Finance State Minister Shehan Semasinghe said. “However, by next […]
CCPI based headline inflation decreased to 4-pct in August
Headline inflation, as measured by the year-on-year change in the Colombo Consumer Price Index decreased to 4.0% in August 2023 from 6.3% in July 2023 in line with the projections envisaged by the Central Bank in July 2023. The Food deflation continued for the second consecutive month recording 4.8% in August 2023 from 1.4% in […]
Sri Lanka’s exports decreased by 8-pct to USD 1Bn in Feb 2023 compared to Feb 2022
Sri Lanka’s merchandise exports decreased by 8.06 % to US$ 1,005.2 Million in February 2023 compared to February 2022 as per the data released by Sri Lanka Customs. However, it is a 5.62% increase when compared to February 2021. Table 1: Merchandise Export Performance Values in US$ Mns Exports of Goods Jan-Feb 2022 […]
CCPI based headline inflation eases in February 2023: Food inflation down to 54.4-pct
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 decreased to 50.6% in February 2023 from 51.7% in January 2023. The decline in the headline inflation is broadly in line with the disinflation path envisaged by the Central Bank of Sri Lanka (CBSL) in January 2023. The […]
CCPI based headline inflation eased further in December 2022
Headline inflation, as measured by the year-on-year change in the Colombo Consumer Price Index decreased to 57.2% in December 2022 from 61.0% in November 2022 recording the lowest reading in the second half of 2022. Following a similar trend, the Food inflation (Y-o-Y) decreased to 64.4% in December 2022 from 73.7% in November 2022. Meanwhile, […]
‘s Mineral Sector
December 7, 2022 (LBO) – Demystifying the Minerals Sector Why is it that many entirely legitimate investments by the private sector are immediately demonised as a racket by certain commentators with ulterior motives, and then sensationalized by the media? Conspiracy theories leading to private sector verdicts of guilty unless found innocent seems to be the […]
Deceleration in inflation expected to continue in ensuing period: Central Bank
The deceleration in inflation is expected to continue in the ensuing period, supported by subdued aggregate demand pressures, expected improvements in domestic supply conditions, normalisation in global commodity prices, and the timely passthrough of such reductions to domestic prices, along with the favourable statistical base effect. The Central Bank said that the global, as well […]
CCPI based headline inflation starts to decline
Headline inflation, as measured by the year-on-year change in the Colombo Consumer Price Index which followed an increasing trend since October 2021, declined to 66.0% in October 2022 from 69.8% in September 2022. Following a similar trend, the Food inflation decreased to 85.6% in October 2022 from 94.9% in September 2022, while the Non-Food inflation […]
10 Billion dollars recorded for Exports in 9 months of 2022
Earnings from the merchandise exports increased by 5.75 % y-o-y to US$ 1,093.98 Mn in September 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the increase in export earnings from Apparel & Textiles, Tea, Gems & Jewellery, Electrical & Electronic Components and Spices & Essential Oils. Monthly […]