Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100), increased to 5.2 percent in June 2021 from 4.5 percent in May 2021.
This was driven by monthly increases in the prices of items in both the Food and Non-food categories. Accordingly, Food inflation (Y-o-Y) increased to 11.3 percent in June 2021 from 9.9 percent in May 2021, while Non-food inflation (Y-o-Y) increased to 2.5 percent in June 2021 from 2.2 percent in May 2021.
The CCPI, measured on an annual average basis, increased to 4.1 percent in June 2021 from 3.9 percent in May 2021.
The monthly change of CCPI recorded at 1.47 percent in June 2021 due to price increases observed in items of both Food and Non-food categories.
Moreover, monthly changes of Food and Non-food categories recorded at 1.25 percent and 0.21 percent, respectively. Accordingly, within the Food category, prices of rice, vegetables, and fresh fish increased whereas, the price of fresh fruits recorded a decrease.
Meanwhile, prices of items in the Non-Food category recorded an increase during the month due to price increases observed in the Health (Purchase of pharmacy products, Fees to ayurvedic doctors) and Transport (Petrol, Diesel) sub-categories.
The core inflation (Y-o-Y), which reflects the underlying inflation in the economy, remained unchanged at 3.2 percent in June 2021. Moreover, annual average core inflation also remained unchanged at 3.0 percent in June 2021 for the fifth consecutive month. – CBSL
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