Sept. inflation declines marginally to 4%

Thursday, 1 October 2020 00:20 - - {{hitsCtrl.values.hits}}

Headline inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) marginally decreased to 4% in September from 4.1% in August.

This was driven by the statistical effect of the high base prevailed in September 2019. Food inflation (Y-o-Y) decreased to 11.5% in September from 12.3% in August, whereas non-food inflation (Y-o-Y) increased to 0.9% in September from 0.8% in August.

The change in the CCPI measured on an annual average basis also decreased to 4.7% in September from 4.8% in August.

Monthly change of CCPI recorded at 0.7% in September. This was due to price increases observed in items of both food and non-food categories.

Accordingly, within the food category, prices of vegetables, coconut, fresh fruits and big onion increased in September. Within the non-food category, prices of items in alcoholic beverages, tobacco and narcotics, and transport sub-categories increased during the month.

The core inflation (Y-o-Y), which reflects the underlying inflation in the economy, declined to 2.9% in September from 3.2% in August. Moreover, annual average core inflation also declined to 3.6% in September from 3.8% in August.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.