The National Consumer Price Index (Base 2013=100): June 2016

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The National Consumer Price Index (Base 2013=100): June 2016 ^Featured

July 22, 2016

In a communiqué issued on National Consumer Price Index, Dr. Amara Satharasinghe, Director General of Census and Statistics said that the Year on Year inflation based on NCPI for the month of June 2016 was calculated as 6.4%. Contribution to the inflation from food group and non-food group are 3.4% and 3.1% respectively. It is noteworthy that the contribution of vegetables and green chilies in the food group was 2.0%.

The latest Consumer Price Index (CPI) released by the DCS is, National Consumer Price Index (NCPI).

DCS commenced releasing NCPI (Base 2013=100) from October 2015 with a time lag of 21 days.

The Department of Census and Statistics has released the National Consumer Price Index (NCPI) for the month of June 2016. NCPI has been calculated as 116.1 for June 2016. This shows an increase of 2.4 index points or a percentage of 2.1 compared to the previous month’s (May) index of 113.7. This monthly change is due to the expenditure value of food items which increased by 2.1% and expenditure value of non-food items which increased by 0.1%. The monthly increase in food item was mainly due to the increases in prices of vegetables and green chilies.

The expenditure value of food commodity group has increased by 2.1 percent in June 2016 compared to May 2016. The increase in expenditure value of food commodity in June 2016 compared to May 2016 was due to the price increases in vegetables, green chilies, rice, fresh fish, sugar, potatoes, red onions, dhal-masoor, coconut oil, dried fish, and garlic compared to the previous month (May). Decreases in prices were recorded for limes, coconut, tamarind and eggs compared to the previous month (May).

The 0.1 percent increase in June 2016 compared to May 2016 in non-food items was mainly due to the expenditure value increases in non food commodity groups of ‘Restaurant and Hotels’, 'Housing, water, electricity, gas and other fuels’,'Miscellaneous Goods and Services', ‘Clothing and Footwear’, 'Furnishing, Household Equipment and Routine Household Maintenance' compared to May 2016. Further, very slight increase in expenditure value was also reported for group of ‘Communication' compared to the previous month (May). Decrease in expenditure value was reported for non-food commodity group of ‘Alcoholic Beverages, Tobacco & Narcotics’ compared to the previous month (May). The expenditure values of ‘Health’,'Transport', ‘Recreation and Culture’ and ‘Education’ groups remained unchanged during the month.

Last modified on Friday, 22 July 2016 14:20