Sri Lanka inflation accelerates to 4.8-pct in November

Dec 21, 2015 (LBO) – Sri Lanka’s consumer prices rose 4.8 percent in the 12-months to November from a year earlier, from the 3.0 percent a month earlier, data from the state statistics office showed.

Year on year inflation of Food Group has increased from 2.3 percent in October 2015 to 4.6 percent in November while Non-food Group also increased by 3.5 percent to 4.9 percent during this period.

The Department of Census and Statistics commenced releasing this new price index called ‘National Consumer Price Index’ from last month.

The national consumer basket includes 407 items which represent the consumption expenditure of all households in Sri Lanka and the base year is 2013.

However, the Department has been releasing Colombo Consumer Price Index from June 2011, covering only the urban areas of Colombo district.