ECONOMYNEXT – Nationwide inflation in Sri Lanka in August 2016 fell to 4.5% from 5.8% in July 2016, on a year-on-year basis, the Department of Census and Statistics said.
The National Consumer Price Index (NCPI) fell by 1.6% to 113.3 index points in August 2016 from 115.2 index points in July 2016 mainly due to the decrease in prices of items in the Food category.
Prices of vegetables, green chillies, sugar, coconut, sprats, rice, dhal and red onions decreased during the month, a statement said.
Within the Non-food category prices in Health; Communication; and Recreation and Culture subcategories decreased during August 2016.
Prices in the Clothing and Footwear; Furnishing, Household Equipment and Routine Household Maintenance, Transport, Restaurants and Hotels and Miscellaneous Goods and Services sub-categories increased during August 2016.
Prices of Alcoholic Beverages and Tobacco increased in August 2016 while prices in the Education sub-category remained unchanged during the month.
“The NCPI Core inflation, which reflects the underlying inflation in the economy decreased to 6.0% in August 2016 from 6.8% in July 2016, on year-on-year basis,” the statement said.
The National Consumer Price Index (NCPI) fell by 1.6% to 113.3 index points in August 2016 from 115.2 index points in July 2016 mainly due to the decrease in prices of items in the Food category.
Prices of vegetables, green chillies, sugar, coconut, sprats, rice, dhal and red onions decreased during the month, a statement said.
Within the Non-food category prices in Health; Communication; and Recreation and Culture subcategories decreased during August 2016.
Prices in the Clothing and Footwear; Furnishing, Household Equipment and Routine Household Maintenance, Transport, Restaurants and Hotels and Miscellaneous Goods and Services sub-categories increased during August 2016.
Prices of Alcoholic Beverages and Tobacco increased in August 2016 while prices in the Education sub-category remained unchanged during the month.
“The NCPI Core inflation, which reflects the underlying inflation in the economy decreased to 6.0% in August 2016 from 6.8% in July 2016, on year-on-year basis,” the statement said.
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