January inflation slows to 3.8%
31 January 2012 01:05 pm
Sri Lanka’s January inflation slowed to 3.8 percent from a year and from 4.9 percent recorded in December 2011, the data released by the Census and Statistics Department said.
“This is the lowest inflation rate recorded after twenty-five months from December 2009. As against the higher base prevalence in January 2011, the YoY inflation in January 2012 shows a significant decrease to 3.8 percent,” Statistics Department said.
The prices of all items of food and non food groups measured by the Colombo Consumer Price Index (CCPI) increased 0.3 percent in January 2012, after rising 1.2 percent during December 2011.
The12 month moving average inflation as measured by the CCPI in the month of January stood at 6.5 percent, representing a negative trend