July 23, 2019
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    Inflation declines to 3.5 percent in May 2019 Featured

    June 22, 2019

    Sri Lanka's nationwide inflation in May 2019 determined under the National Consumer Price Index (NCPI) declined to 3.5 percent from 3.6 percent recorded in April on a year-on-year basis, the Department of Census and Statistics reported Tuesday. The NCPI for all items for the month of May 2019 increased to 128.7 from 127.3 in April.

    The increase in the index point by 1.07 percent was due to the expenditure value increase of food items by 0.89 percent and expenditure value increase of non-food items by 0.17 percent. The Year-on-Year inflation of food group has increased from ‐1.2 percent in April 2019 to ‐0.4 percent in May 2019 and that of non‐food group has decreased from 7.5 percent to 6.7 percent during this month.

    Contributions to the inflation in May 2019 from food group and non-food group are -0.17 percent and 3.68 percent respectively. The moving average inflation for the month of May 2019 is 2.0 percent. The corresponding rate for the month of April 2019 was 1.9 percent.

     

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