CCPI dips as some commodity prices decrease
COLOMBO: The Consumer Price Index of Colombo City (CCPI) for April
has registered a 4.2 index point decrease over March, a release from the
Prices of Wages Division of the Department of Census and Statistics
The CCPI for all items for April was posted at 5025.4 index points. A
decrease of 4.2 index point change or 0.1 percentage was noted from
March 2007 posted at 5029.6 index points. This is a decrease of Rs. 8.42
in the expenditure value of 'Market Basket' - when compared to March
2007, the release explained.
The price in food exhibited the highest negative index point change
of 27.90. Index for fuel and light, clothing and miscellaneous also
recorded the positive index point changes of 3.90, 0.60 and 19.20.
The decrease in the CCPI for April 2007 is mainly due to decrease in
prices of rice, sugar, dried chillies, cowpea whole, fresh fish - paraw,
mullet and salaya, dried fish - sprats and most varieties of vegetables.
The release added that these price decreases can be mainly attributed
to higher supply of locally produced agricultural consumer goods,
specially vegetables to the main markets in Colombo city due to
However, prices of milk, tea, limes, red onions, sour plantains,
coconut oil, jam (MD), beef, fresh fish - balaya, parati and small
mullet, dried fish - katta and koduwa, coconuts, eggs, potatoes and
kerosene oil have increased during this month.
Inflation rate for April was registered 17.4 higher by 8.2 percentage
point compared to its same period last year's April level of 9.2 per
The month-on-month inflation rate of the Colombo city was the 0.6
percentage point higher than of last month's rate of 16.8.
The table explains the composition of the decrease of 0.1 per cent.
It should be noted that in this basket, certain items play a more
significant part than the others, depending on the weight of the
Of the total decrease of 0.1 per cent, food items account for a
decrease of 0.55 per cent mainly due to decrease in the prices of rice
(0.24 per cent) and vegetables (0.75 per cent). There is an increase of
0.08 per cent, 0.01 per cent and 0.38 per cent on account of fuel and
light, clothing and miscellaneous items.
Decrease in percentage contribution to CCPI from
March 2007 to April 2007
Sub Group/ Percentage Percentage
Commodity increase decrease
Dried chillies 0.10
Cowpea whole 0.02
Fresh fish 0.02
Red onions 0.07
Sour plantains 0.05
Coconut oil 0.13
Dried fish 0.03
Fuel and Light 0.08
Kerosene oil 0.08
Betel and arecanuts 0.25