November inflation rate drops to 5.6%

Saturday, 30 November 2013 08:29 - - {{hitsCtrl.values.hits}}

Reuters: Sri Lanka’s annual inflation rate in November eased to a 20-month low of 5.6% from 6.7% in October, the Department of Census and Statistics said on Friday. Annual average inflation, measured on a 12-month moving basis, edged down to a 12-month low of 7.3% in November from 7.6% one month earlier. In May, it hit a record high of 8.8%. Core annual inflation, which excludes fresh food, energy, transport, rice and coconuts, eased to a record low of 2.4% compared with 2.6% a month ago, according to the new consumer price index introduced in mid-2011.

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