Inflation takes a brief breather in December

Saturday, 1 January 2011 00:45 - - {{hitsCtrl.values.hits}}

(Reuters) - Sri Lanka’s consumer prices rose 6.9 percent in December from a year earlier, compared with a gain of 7.0 percent in November, which was a 21-month high, government data showed on Friday. It’s the first slowdown after four straight months of faster growth. Annual average inflation rose to 5.9 percent this month from 5.8 percent in November.

Analysts in a Reuters poll had expected consumer prices to have risen 7.3 percent, and annual average inflation to have risen by 6.0 percent.

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.