Sri Lanka’s January consumer price inflation rises to 6.5%

Sri Lanka’s January consumer price inflation rises to 6.5%

February 21, 2024   03:40 pm

Sri Lanka inflation, based on the National Consumer Price Index (NCPI), for January 2024 was recorded at 6.5%, as measured by the year-on-year change, the Department of Census and Statistics (DCS) revealed in its latest report published on Wednesday (Feb.21). 

This is an increase of 4.2% compared to the headline inflation recorded in December 2023.

Compared to December, the reported inflation for January was mainly due to the higher prices in both food and non-food groups, according to the DCS report.

On a monthly basis, the year-on-year inflation of the food group went up to 4.1% in January from 1.6% in December. The year-on-year inflation of the non-food group meanwhile increased to 8.5% in January from 6.3% in December.

The contributions (year-on-year) to the inflation recorded in January from the food group and non-food group stood at 1.86% and 4.66% respectively, in comparison to December.

Attached below is the report issued by the DCS;

 

NCPI January 2024 Census an... by Adaderana Online

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

SL's tax expenditures expected to be significantly lower due to recent policy reforms (English)

SL's tax expenditures expected to be significantly lower due to recent policy reforms (English)

Entire nation must be grateful to President Ranil – Wajira Abeywardena (English)

Sri Lankans celebrate dawn of Sinhala and Tamil New Year (English)

Ranjith Siyambalapitiya vows to provide relief through tax revenue (English)

LIVE🔴Ada Derana Prime Time News Bulletin 6.55 pm

Govt. distributes Avurudu gifts to nearly 10,000 kids at child development centers island-wide

Over 700 prison inmates pardoned for Sinhala & Tamil New Year

Dawn of Sinhala and Tamil New Year celebrated tonight