Sri Lanka records 0.2% deflation for July

3 August 2015 03:25 am - 0 - {{hitsCtrl.values.hits}}

A A A

Sri Lanka’s inflation measured by the change in the Colombo Consumers’ Price Index (CCPI), declined to -0.2 percent, on a year-on-year basis in July 2015, from 0.1 percent recorded in June 2015, the Census and Statistics Department data showed.

The department said it was for the first time since March 1995, Sri Lanka experienced a deflation. Annual average inflation declined from 1.7 percent in June 2015 to 1.3 percent in July 2015. CCPI increased by 0.7 percent from June to July 2015.

The decline recorded on year-on year basis was mainly due the high base that prevailed in July 2014, prior to significant downward revisions of energy prices observed on several occasions since September 2014.

The monthly increase in CCPI was caused by the increases in prices of items in both food and non-food categories. Prices of some varieties of vegetables, fresh fish, meat, fruits, potatoes, green chilies and red onions increased during July 2015. However, prices of coconuts, big onions and lime decreased during the month.

Within the non-food category, prices in clothing and footwear; furnishing, household equipment and routine household maintenance; transport; and recreation and culture sub categories increased.

Due to the partial effect of the downward revision of LP Gas prices with effect from 14.07.2015, the housing, water, electricity, gas and other fuels sub category recorded a decline.

All other sub categories, namely, health; communication; education; and miscellaneous goods and services remained unchanged during the month.
Core inflation, which reflects the underlying inflation in the economy, increased to 3.5 percent in July 2015, from 2.8 percent in June 2015 on a year-on-year basis.

Annual average core inflation remained unchanged at 2.8 percent, as recorded in the previous month.

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.

Sri Lanka records 0.2% deflation for July

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

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

New Visa procedure implemented

Street food vendor arrested for verbally harassing foreigner

A US “Kaputa”, a Lankan “Nariya” and a Presidential “Feast”

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

MIRROR CRICKET

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?

Mendis, Mathews move up in ICC Test Rankings

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