Colombo inflation accelerates 4.8-pct in May 2016


May 31, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo has accelerated 4.8 percent in May 2016 from a year earlier, up from 3.1 percent in April 2016 with the inflation index gaining 2.4 percent in the month, the state statistics office said.

For the month of May, on year to year basis, contribution to inflation by food commodities was 2.68 percent while the contribution of Nonfood items was 2.19 percent.

The index for all items for May was 188.5 and it records an increase of 4.4 index points compared to April for which the index was 184.1.

This increase represents an expenditure value of 1221.11 rupees in the “Market Basket” which includes 373 items which represent the typical urban households’ consumption expenditure.

The increase in index point by 2.37 percent was due to the increase of food items by 1.07 percent and increase of non-food items by 1.30 percent.