Sri Lanka nationwide inflation decreased in November

inflation-nov-2019

Dec 24, 2019 (LBO) – Sri Lanka’s headline inflation as measured by the year-on-year change in the National Consumer Price Index decreased to 4.1 percent in November from 5.6 percent in October contributed by the statistical effect of the high base prevailed in October 2018.

According to the Statistics Department, Year-on-year food inflation has decreased substantially to 4.0 percent in November from 7.3 percent in October while non-food inflation has declined marginally to 4.2 percent in November from 4.3 percent in October.

The change in the National Consumer Price Index measured on an annual average basis has increased to 3.0 percent in November from 2.8 percent in October.

The core inflation, which reflects the underlying inflation in the economy, decreased to 5.5 percent in November from 5.6 percent in October on year-on-year basis.

However, annual average core inflation increased to 5.6 percent in November from 5.4 percent in October.