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    Inflation declines to 3.8 percent in April

    May 01, 2018

    Sri Lanka's inflation, as measured by the change in the Colombo Consumers' Price Index (CCPI) declined to 3.8 percent in April 2018 from 4.2 percent in March 2018, the Department of Census and Statistics reported.

    The CCPI for all items for the month of April was 121.5 recording an increase of 0.1 index points or 0.08 percent from 121.4 in March 2018. This was due to the decrease of food items by 0.11 percent and increase of non-food items by 0.20 percent.

    The year-on-year (YoY) inflation of Food Group has decreased from 5.1 percent in March 2018 to 3.0 percent in April 2018 and that of Non-food Group increased from 3.7 percent in March to 4.0 percent in April during this period.For the month of April 2018, on year to year basis, contribution to inflation by food commodities was 0.89 percent and the contribution of Non Food items was 2.8 percent.The moving average inflation rate for the month of April 2018 was 5.9 percent. The corresponding rate for the month of March was 6.1 percent.

    Mean while the Central Bank of Sri Lanka says thath eadline Inflation, as measured by the change in the National Consumer Price Index (NCPI, 2013=100), which is compiled by the Department of Census and Statistics (DCS), continued to follow the declining trend exhibited since November 2017. As such, the year-on-year NCPI headline inflation decreased to 2.8 per cent in March 2018, lowest since April 2016, from 3.2 per cent in February 2018. The monthly decline in Food prices in March 2018 supported by the favourable supply conditions attributed to this sharp decline in year-on-year inflation in March 2018. The change in the NCPI measured on an annual average basis decreased from 7.2 per cent in February 2018 to 6.7 per cent in March 2018.

    Last modified on Tuesday, 01 May 2018 12:40

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