The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has increased to -1.7% in December 2024, compared to -2.1% in November 2024, according to the latest data released by the Department of Census and Statistics.

The Y-on-Y inflation of Food Group increased to 0.8% in December 2024 from 0.6% in November 2024 and the Y-on-Y inflation of Non Food Group increased to -3.0% in December 2024 from -3.3% in November 2024.