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Leading News from Sri Lanka ::
Oct 30, Colombo: Sri Lanka's annual average inflation rate declined to a record six-year low of 5.2 percent in October, from 6.6 percent in the previous month, the Central Bank reported today.
According to the Central Bank this is the lowest level of inflation ever recorded since January, 2004.
The Department of Census and Statistics data released today showed that the rate of inflation, on a year on year basis, increased marginally to 1.4 percent in October from 0.7 percent in the previous month.
Consumer's Price Index increased marginally by 0.4 percent over previous month's, with the Index moving upward to 209.4 from 208.6 in September, 2009.
The inflation rate has been declining continually for the past ten months from a peak at 28.2 percent in June 2008 due to high global food and oil prices.
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