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Sri Lanka's headline inflation rises to 4.5 pct in May


Sri Lanka s headline inflation rises to 4.5 pct in May
Xinhua
01 Jun 2021, 17:18 GMT+10
COLOMBO, June 1 (Xinhua) Sri Lanka s year on year headline inflation, as measured by the Colombo Consumer Price Index (CCPI), rose to 4.5 percent in the month of May, local media reported here Tuesday.
Data from the Central Bank of Sri Lanka s Statistics Department showed that inflation rose 1.05 percent from April to May, while the annual average inflation remained unchanged at 3.9 percent.
Data also showed that year on year core inflation rose to 3.2 percent in May.
Food inflation rose to 9.9 percent in May compared to 9 percent in April, driven by price increases in local staples such as fresh fish, coconut oil, and rice. ....

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CCPI based inflation increased to 4.5-pct in May 2021


Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index has increased to 4.5 percent in May 2021 from 3.9 percent in April 2021 driven by monthly increases of prices of items in both Food and Non-food categories.
Accordingly, Food inflation (Y-o-Y) increased to 9.9 percent in May 2021 from 9.0 percent in April 2021, while Non-food inflation (Y-o-Y) increased to 2.2 percent in May 2021 from 1.8 percent in April 2021.
The CCPI, measured on an annual average basis, remained unchanged at 3.9 percent in May 2021.
The core inflation (Y-o-Y), which reflects the underlying inflation in the economy, increased to 3.2 percent in May 2021 from 3.0 percent in April 2021. ....

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Decline in labour force in 2020 first half


The general price level as measured in terms of the National Consumer Price Index
(NCPI, 2013=100) increased in January 2020, moved on a declining trend until April and increased thereafter in line with the prices of items in the Food category. Within the Food category, prices of Volatile Food items exhibited mixed movements, while prices of other food items exhibited an overall increasing trend during the period from January to September 2020. With a notable increase at the beginning of the year, prices of items in the Non-food category remained mostly unchanged during the period from April to June 2020, mainly due to the lower demand for non-essential goods and services and non-adjustment of administered prices with the spread of the COVID-19 pandemic in the country. NCPI based year-on-year headline inflation remained above mid-single digit level during the period from January to September 2020. Meanwhile, headline inflation, as measured by the year-on-year change in the Col ....

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