SL’s inflation declines to 5.8% in January 2018

SL’s inflation declines to 5.8% in January 2018

The Department of Census and Statistics reported, Sri Lanka’s inflation, as measured by the change in the Colombo Consumers’ Price Index, declined to 5.8 percent in January 2018 from 7.1 percent in December 2017.

The Index for all items for the month of January was 122.8 recording a marginal decrease of 0.1 index points or 0.05 percent compared to the month of December 2017.

This was due to the decrease of food items by 0.61 percent and increase of non-food items by 0.55 percent.

The year-on-year inflation of Food Group has decreased from 14.4% in December 2017 to 10.5% in January 2018 and that of Non‐food Group has decreased from 4.2% to 3.8% during this period.

For the month of January 2018, on year to year basis, contribution to inflation by food commodities was 3.08%.

The contribution of Non Food items was 2.66%.

The moving average inflation rate for the month of January 2018 was 6.6% and remained unchanged at the December 2017 rate.

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