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Leading News from Sri Lanka ::
Sept 30, Colombo: Sri Lanka's annual average inflation rate declined to a record six-year low of 6.6 percent in September, from 8.5 percent in the previous month, the Central Bank reported today.
The Department of Census and Statistics data released today showed that the consumer price inflation rate fell to 0.7 percent in September from 0.9 percent in August. According to the Central Bank this is the lowest level of inflation ever recorded since January, 2004.
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.
The Central Bank expects the inflation to continue to remain low reflecting the impact of tight monetary policy adopted by the Central Bank during the past years and easing of commodity prices in the international market.
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