Sri Lanka inflation rate rises to 4.2% in December
January, 22, 2024
Reuters - Sri Lanka's consumer price inflation rate rose to 4.2% year-on-year in December from 2.8% in November, the statistics department said on Monday.
The National Consumer Price Index (NCPI)(LKNCPI=ECI) captures broader retail price inflation and is released with a lag of 21 days every month.
Food prices rose 1.6% in December after falling 2.2% in November on the year, the Department of Census and Statistics said in a statement.
Prices for non-food items, however, fell 6.3% in December from 7.1% year-on-year in November.
Sri Lanka racked up record high inflation last year after its economy was pummelled by the worst financial crisis in decades, triggered by a plunge in foreign exchange reserves.
