June inflation up 9.3 percent

2 July 2012 04:31 am - 0 - {{hitsCtrl.values.hits}}

A A A

Sri Lanka’s inflation for the month of June rose to 9.3 percent Year-on-Year, a 41 month high, amidst price increases in some food items, the data released by the Census and Statistics Department showed.

Inflation, as measured by the Colombo Consumers’ Price Index (CCPI) increased to 5.8 percent in June 2012, on an annual average basis, from 5.6 percent in the previous month, the Census and Statistics Department stated.

Meanwhile, core inflation, decelerated for the ninth consecutive month to 5.7 percent in June 2012, on an annual average basis, from 6 percent in May 2012, while increasing on a YoY basis to 5.8 percent in June 2012 from 4.8 percent in the previous month.

The general price level as indicated by the Index recorded an increase of 1.9 percent in June 2012 over that of the previous month, with the CCPI increasing in absolute terms to 165.2 from 162.1, the department said.

The contribution to the monthly increase in the Index came mainly from price increases in the Food and Non-Alcoholic Beverages category (by 3.8 percent) followed by the Non-Food category (by 0.4 percent).

It further stated that rise in the prices of fresh fish, eggs, vegetables, lime, green chilies, red onion, big onion and potatoes due to seasonal factors and the upward revision in the prices of wheat flour, bread and milk powder, contributed to the increase in the CCPI.

However, a decline in the prices of fruits, leafy vegetables and sugar was also reported during the month.

Within the Non-Food category, prices increased in the sub-categories of Housing, Water, Electricity, Gas and Other Fuels (by 1 percent), Clothing and Footwear (by 0.5 percent), Miscellaneous Goods and Services (by 0.4 percent), Furnishing, Household Equipment and Routine Household Maintenance (by 0.3 percent) and Health (by 0.1 percent).

Meanwhile, the prices in the sub-categories of Transport, Communication, Recreation and Culture, and Education remained unchanged during the month, the Census Department noted.

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

Comments - 0

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.

June inflation up 9.3 percent

Comments - 0

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

Ranil Wickremesinghe caravan moves on despite barking dogs

Train fails to halt, crashes onto Colombo Fort platform

Sri Lankan among NASA’s new crew for next simulated Mars journey

New Visa procedure implemented

Complaint lodged over Piumi Hansamali's possession of Gota’s Range Rover

SL on alert on possible genocide allegations by Canada

MIRROR CRICKET

Is Chamari Athapaththu Sri Lanka’s greatest cricketer ever?

Athapaththu back atop ICC Women’s ODI Batting Rankings

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

TODAY'S HEADLINES

SL took minimal steps to punish officials who committed human rights abuses: US report

Iranian President’s visit Sri Lanka withstands western pressure

25 tons of solid waste disposed along Sri Pada route

Temperature rises to ‘Caution’ level

Sri Lanka secures third spot in South Asian Kurash Championship 2024

Athapaththu back atop ICC Women’s ODI Batting Rankings

Army forms committee to probe Diyatalawa Fox Hill Supercross accident

Indian cricket manager indicted for Legend Cricket League match-fixing allegations