Inflation in Sri Lanka capital Colombo eases to 4.3 percent in September 2018

Sri Lanka's inflation, as measured by the change in the Colombo Consumers' Price Index (CCPI), declined to 4.3 percent in September 2018 from 5.4 percent in January 2018, the Department of Census and Statistics reported.

The CCPI for all items for the month of September was 124.9 recording a decrease of 0.70 percent compared to 125.8 the month of August 2018. This was due to the decrease of food items by 1.05 percent and increase of non-food items by 0.34 percent.

YEAR TO year inflation of Food Group has decreased from 7.5 percent in August 2018 to 2.3 percent in September 2018 and that of Non?food Group has increase from 5.1 percent in August to 5.3 percent in September during this period.

For the month of September 2018, on year to year basis, contribution to inflation by food commodities was 0.68 percent. The contribution of Non Food items was 3.67 percent.The moving average inflation rate for the month of September 2018 was 5.4 percent. The corresponding rate for the month of August was 5.6 percent.