Home / Front Page/ December inflation dips to 2.1%

December inflation dips to 2.1%


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 22 January 2019 01:00

Facebook

Annual average inflation hit 2.1% in December 2018, recording a monthly dip of 0.5% when compared with November, the Central Bank said in a statement yesterday.  Headline inflation as measured by the year-on-year change in the National Consumer Price Index decreased to 0.4% in December 2018 from 1% in November 2018. 

 The decrease observed in year-on-year inflation in December 2018 is driven by the decrease of prices of items in both Food and Non-Food categories. Year-on-year Food inflation decreased to -4.5% in December 2018 from -3.9 % in November 2018 while year-on-year Non-Food inflation also decreased from 5.2 % in November 2018 to 4.7% in December 2018.

The change in the NCPI measured on an annual average basis decreased to 2.1% in December 2018 from 2.7% in November 2018. The month-on-month change of the NCPI was -0.5% in December 2018. This was mainly due to decrease in the prices of the items in the Non-Food category where the Transport sub-category (petrol, diesel, and bus fare) recorded the highest decrease. 

Moreover, prices of items in the Communications, Alcoholic Beverages and Tobacco sub-categories also reported decreases during the month. At the same time, prices of the items in the Food category decreased where vegetables, limes, big onions, banana and coconuts recorded prominent decreases.

The core inflation, which reflects the underlying inflation in the economy, remained at 3.1% in December 2018 on a year-on-year basis. Meanwhile, annual average core inflation also remained unchanged at 2.4% in December 2018.

 

Rupee slips on importer, bank dollar demand; stocks down

CB calls for managers to raise $ 2 b in bonds


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

The 1915 pogrom: Where were all the women?

Wednesday, 21 August 2019

The 1915 anti-Muslim pogrom in Sri Lanka (then Ceylon) is usually analysed through the lenses of ethnicity, religion, or class. Gender – and specifically women – appears to be absent in the narratives on this colonial-era conflict. Such absence i


The meaning of our slogans

Wednesday, 21 August 2019

Sri Lankans undoubtedly are inclined towards slogans, and the time of elections is the high season. They appear everywhere; on walls, bus stands, huge boulders, vehicles and even on the garments worn by the campaigners. Usually we are given somewhat


“Doing something” about social media?

Wednesday, 21 August 2019

Since the tragic terrorist incidents and pogroms of April and May, concerns about social media have been reverberating throughout our society. We are under pressure to “do something,” even without fully understanding the problems we seek to solve


Viewing PR as a marketing tool is missing the point!

Wednesday, 21 August 2019

When times are tough, businesses often cut the PR budget first – and small businesses may not have one at all. After all, PR is just one part of the marketing mix, right? Wrong! To view PR as just another marketing tool is to limit the scope of PR


Columnists More

Special Report

SPECIAL REPORT MORE