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Sri Lanka News - BusinessNews.lk
Home Business News Economy

Inflation drop in month of May

by Reporter
24 June, 2019
in Economy
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Headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100)1 dropped from 3.6% in April 2019 to 3.5% in May 2019 due to the high base prevailing in the corresponding month of the previous year.

Recorded rises in vegetable prices, fresh fish, limes, potatoes and milk powder within the food category. Furthermore, the prices of products in Transport ; Health ; and Recreation and Culture sub-categories rose during the month within the non-food category.

Meanwhile, year-on-year inflation in food and non-food has reported-0.4% and 6.7% respectively in May 2019. The annual average measured shift in the NCPI improved marginally from 1.9% in April 2019 to 2.0% in May 2019. When regarded as a monthly shift, the NCPI improved in May 2019 by 1.1 percent with the rises observed in the prices of products in both food and non-food categories.

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