Sri Lanka inflation at 4.2-pct in February

Feb 28, 2013 (LBO) - Sri Lanka's consumer prices rose 4.
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2 percent in the 12-months February 2014, down from 4.
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4 percent in January, the state statistics office said.
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The widely watched Colombo Consumer Price Index rose 0.2 percent during the month.

Annual average inflation, a lagging indicator averaged across two years eased to 6.0 percent in February 2014 from 6.

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5 a month earlier, the statistics office said.

Inflation showed up a rise in the food sub-index rose 0.

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2 percent in February after falling 0.9 percent a month earlier. Non-foods rose 0.1 percent in after rising 1.7 percent a month earlier.

Sri Lanka's inflation spiked to 9.

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8 percent in February 2013 following a balance of payments crisis in 2012 which sent the rupee spiraling down to 130 to the US dollars from 110 levels and has since moderated amid weak credit growth.
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The central bank is targeting inflation of low single digits generally understood to be below 5.
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0 percent in 2014, after keeping it at single digits for several years.

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