Economy News Update: CCPI’s yer-on-year inflation was 4.4 percent in November 2019, and October 2019 inflation was 5.4 percent, the Census and Statistics Department said.
Year-on-year food group inflation declined from 6.8% in October 2019 to 4.6% in November 2019, although non-food group inflation also declined from 4.8% in October 2019 to 4.2% in the month.
The CCPI was 131.7 for all items for the month of November 2019, recording an increase of 0.4 index points which is 0.29 percentage points compared to the month of October 2019 for which the index was 131.3.
This is an improvement in the spending price in the “Market Basket” of Rs.233.00.
The increase in the index point by 0.29% was due respectively to the increase in the expenditure value of food items by ‐ 0.28% and non-food items by 0.02%, the department said.
Contribution to food commodity inflation was 1.38 percent on a year-to-year basis for the month of November 2019.