Inflation climbs to 5.4% | Daily News


 

Inflation climbs to 5.4%

The YoY inflation as measured by Colombo Consumer Price Index (CCPI) is 5.4% in October 2019 and inflation calculated for September 2019 was 5.0%.

YoY inflation of Food Group has increased from 3 % in September 2019 to 6.8% in October 2019 while that of Non food Group has decreased from 5.7% in September 2019 to 4.8% in October 2019.

For the month of October 2019, on year to year basis, contribution to inflation by food commodities was 1.99 %. The contribution of Non Food items was 3.39%. The moving average inflation rate for the month of October 2019 was 4 %. The corresponding rate for the month of September 2019 was 3.9%.


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