Sri Lanka inflation at 3-pct for Jan 2021

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Feb 02, 2021 (LBO) – The overall rate of inflation as measured by CCPI on Y on Y basis is 3.0 percent in January 2021 and Y on Y inflation calculate for the month of December 2020 was 4.2 percent.

As per the Statistics Department, Year on Year inflation of both the Food Group and Non Food Group have decreased from 9.2 percent in December 2020 to 6.8 percent in January 2021 and 2.0 percent in December 2020 to 1.4 percent in January 2021 respectively.

The CCPI for all items for the month of January 2021 was 138.7 and it records an increase of 0.7 in index points

The CCPI for all items for the month of January 2021 was 138.7 and it records an increase of 0.7 in index points that is 0.51 percentage points compared to the month of December 2020 for which the index was 138.0.

The CCPI is an economic indicator constructed to measure inflation which is defined as percentage change in CCPI over the year. There are two measures of inflation in general use. One measure is Year on Year base or Point to Point inflation (The percentage change in the CPI during the last 12 months). The other measure is Moving Average Inflation (The percentage difference between the average Price Index of last 12 months & the average Price Index of previous 12 months).

For the month of January 2021, on year-to-year basis, contribution to inflation by food commodities was 2.11 percent.