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;
