Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100), remained unchanged at 6.1 per cent in June 2021 due to the statistical effect of the high base prevailed in June 2020. Meanwhile, Food inflation (Y-o-Y) decreased to 9.8 per cent in June 2021 from 10.3 per cent in May 2021 and Non-Food inflation (Y-o-Y) increased to 2.9 per cent in June 2021 from 2.5 per cent in May 2021.
The NCPI, measured on an annual average basis, also remained unchanged at 5.4 per cent in June 2021.
Monthly change of NCPI recorded at 1.45 per cent in June 2021 due to increases observed in prices of items in both Food and Non-food categories. Moreover, monthly changes of Food and Non-food categories recorded at 1.23 per cent and 0.22 per cent, respectively. Accordingly, within the Food category, increases were observed mainly in the prices of rice, vegetables, coconut oil and fresh fish. Moreover, prices of items in the Non-Food category recorded an increase during the month mainly due to price increases observed in the Transport (Petrol and Diesel) sub-category.
Further, year-on-year core inflation decreased marginally to 4.1 per cent in June 2021 from 4.2 per cent in May 2021, while annual average core inflation remained unchanged at 4.4 per cent in June 2021.
“Success is not final; failure is not fatal: it is the courage to continue that counts.” – Winston Churchill