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Sri Lanka’s August consumer inflation up 6.0% y/y

Sri Lanka’s August consumer inflation up 6.0% y/y

COLOMBO: Sri Lanka’s consumer inflation rose 6.0 percent in August from a year earlier, up from the previous month’s 4.8 percent gain, under a revised base-year and market basket, data from the Department of Census and Statistics showed on Thursday.

Core annual inflation, which excludes fresh food, energy, transport, rice and coconuts, rose 6.0 percent in August compared with the previous month’s 4.9 percent gain, the index with a new base year of 2013 showed. On a month-on-month basis, the Colombo Consumer Price Index (CCPI) fell 0.5 percent in August, compared with July’s 0.6 percent fall. Inflation in August, as measured on a 12-month moving average basis, rose to a record high of 5.5 percent compared with the previous month’s 5.4 percent. The following table shows changes in Sri Lanka’s consumer price index. Aug 2017 June 2017 Colombo CPI (new index) 118.8 119.4 Annual average (pct change) 5.5 5.4 Change on year (pct) 6.0 4.8 Change Month on month (pct) (-) (0.5) (0.6) Core annual inflation 6.0 4.9.