Inflation drops to single-digit levels in July

The headline inflation in Colombo district as measured by the Colombo Consumer Price Index (CCPI) reached single-digit levels to 6.3 percent in July, easing from 12 percent in June.

The sharp reduction in headline inflation is largely a result of high statistical base effect stemming from last year and the sharp deceleration in non-food inflation.

Food inflation in July was -1.4 percent against 4.1 percent in June and the non-food inflation was 10.5 percent against 16.2 percent in June. 

Core inflation in July was at 6.1 percent.