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Consumer prices decelerate to 3.4% in Nov.

1 December 2016 12:00 am - 0     - {{hitsCtrl.values.hits}}

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Sri Lanka’s consumer prices rose 3.4 percent in November from a year earlier, slowing down from the previous month’s 4.2 percent, data from the Census and Statistics Department showed. The consumer prices had hit a 32-month high of 6 percent in June. The core annual inflation, which excludes fresh food, energy, transport, rice and coconuts, rose 5.1 percent in November compared to previous month’s 5.7 percent. It hit a 38-month high of 6.6 percent in May. On a month-on-month basis, the Colombo Consumer Price Index (CCPI) rose at a steady pace of 0.6 percent in November. It fell 0.3 percent in September. November inflation, as measured on a 12-month moving average basis, hit a two-year high of 3.6 percent.

The Monetary Board appears to think that the recent adjustments made to the tax structure will only have a one-off impact on inflation from November while the budget 2017 will also have a favourable impact on inflation. However, inflation is expected to remain stable at midsingle digit level in the period ahead.

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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.

 

 

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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.