June national inflation declines on base effect

1 July 2020 08:29 am - 0     - {{hitsCtrl.values.hits}}

A A A

  • Core inflation accelerates to 3.1%

Headline inflation as measured by the year-on-year (yoy) change in the Colombo Consumer Price Index (CCPI) declined to 3.9 percent in June 2020 from 4.0 percent in May 2020.
This was solely driven by the statistical effect of the high base that prevailed in June 2019, the Central Bank said.


Food inflation (YoY) increased to10.0 percent in June 2020 from 9.9 percent in May 2020. Meanwhile, Non-food inflation (YoY) declined to 1.4 percent in June 2020 from 1.6 percent
in May 2020.


The change in the CCPI measured on an annual average basis remained unchanged at 4.7 percent in June 2020.


Monthly change of CCPI recorded at 0.8 percent was mainly due to price increases observed in the items of the Food category. 

Within the Food category, prices of vegetables and fish recorded increases in June 2020. However, it is noteworthy that the price of coconut reported a significant decline during the month. 
Meanwhile, prices of items in the Non-Food category recorded marginal increases in June 2020.


The core inflation (YoY), which reflects the underlying inflation in the economy, increased to 3.1 percent in June 2020 from 2.9 percent in May 2020. 


Meanwhile, annual average core inflation declined further to its thirteen months low of 4.2 percent in June 2020 from 4.4 percent in May 2020.

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




“I don’t think Sri Lankans can be realistically ruled by force” -Ahimsa Wickrematunge

Twelve years after the assassination of Lasantha Wickrematunge, the founding

Decisions to be made in Sri Lanka’s hunt for the COVID-19 Vaccine

Around the world, governments are gearing up to roll out nationwide immunizat

“I am the Godfather of Russian tourists” - Udayanga Weeratunga

Former Sri Lankan Ambassador to Russia Udayanga Weeratunga is back in the sce

Sri Lankan migrant workers still in limbo

Sri Lanka’s migrant workers are a significant part of our economy, with the

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.