Sri Lanka’s headline inflation increased to 6.3-pct in June

Jul 22, 2020 (LBO) – Sri Lanka’s headline inflation as measured by the year-on-year change in the National Consumer Price Index has increased to 6.3 percent in June from 5.2 percent in May, mainly driven by the monthly increase in prices of items in the Food category.

Accordingly, Food inflation (Y-o-Y) increased to 13.6 percent in June from 11.1 percent in May, while Non-food inflation (Y-o-Y) remained unchanged at 0.8 percent in June, the statistics office said.

The change in the NCPI measured on an annual average basis increased to 5.6 percent in June from 5.2 percent in May.

The monthly change of NCPI recorded at 1.4 percent in June mainly due to increases observed in prices of items in the Food category.

Accordingly, within the Food category, prices of seven food items including vegetables, sugar, fresh fish, eggs and rice increased significantly during the
month.

Further, core inflation (Y-o-Y) increased to 4.4 percent in June from 3.7 percent in May, while annual average core inflation decreased to 4.6 percent in June from 4.8 percent in May.