Sri Lanka headline inflation marginally increased in July

inflation-july-2019

Aug 22, 2019 (LBO) – Sri Lanka’s headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI) increased marginally to 2.2 percent in July from 2.1 percent in June.

According to Central Bank data, this was due to the monthly price increases of items in both Food and Non-food categories.

The change in the NCPI measured on an annual average basis decreased to 1.9 percent in July from 2.0 percent in June.

When monthly change is considered, the NCPI increased by 0.2 percent in July with the increases observed in the prices of the items in both Food and Nonfood categories.

The core inflation, which reflects the underlying inflation in the economy, remained unchanged at 6.1 percent in July on year-on-year basis.

However, annual average core inflation increased to 4.7 percent in July from 4.4 percent in June.