Sri Lanka’s deflation increases to 0.3 pct in Sept from 0.2 pct in Aug

Sept 30, 2015 (LBO) – Sri Lanka’s deflation was lower at 0.3 percent, year-on-year, in September, from 0.2 percent in August, the census and statistics department said.

On a 12 month moving average basis, inflation fell to 0.7 percent in September from 1.0 percent in the previous month.

There were slight price declines from August to September in most types of rice, coconut oil, eggs, red onions, green chillies, vegetables and fish. Among non-food items, there were declines in electricity, L.P. gas, kerosene and bus fares, the department said.

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Mike
Mike
6 years ago

Deflation is too bad for the economy. Its a starting fact for the major disaster.

Navin Karunatilaka
Navin Karunatilaka
6 years ago
Reply to  Mike

There’s no real deflation. Only that brought in by the collapse of global crude prices.

Ranji
Ranji
6 years ago

Who cares if the economy collapses. Third world countries are there to please developed countries and play servile to them in UNHRC council and brag about it back home while the economy is pushed to a deflation.