Nov 30, Colombo: Sri Lanka's inflation as measured by consumer prices in Colombo rose in November, figures released Friday by the Statistics Department of the Central Bank showed.
The inflation as measured by Colombo Consumers' Price Index (CCPI) increased to 9.5 percent in November 2012 from 8.9 percent in previous month.
The Central Bank attributed the increase in inflation to the rising food prices. The prices of many varieties of vegetables, red onions, big onions, potatoes, coconuts, wheat flour and bread increased during the month, the Bank said.
The inflation rate on an annual average basis increased to 7.2 percent in November 2012 from 6.8 percent in October 2012.On absolute terms the CCPI index increased to 167.1 from 165.0 in October.
The government in 2013 budget aims to stabilize prices of commodities to achieve a moderate inflation for the next year.