Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka inflation declines further in January
Fri, Jan 31, 2014, 09:44 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 31, Colombo: Sri Lanka's inflation, as measured by the change in the Colombo Consumers' Price Index (CCPI) , declined further to 4.4 percent in January 2014 from previous month's 4.7 percent on a year-on-year basis, the Central Bank reported on Friday.

Annual average inflation, which declined since June 2013, moderated further to 6.5 percent in January 2014, from 6.9 percent in December 2013.

The absolute CCPI computed by the Department of Census and Statistics for the month of January 2014 increased to 177.5 from 176.5 in December 2013.

The Central Bank attributed the marginal increase in the CCPI by 0.6 percent mainly to the price increase in the Non-food category by 1.7 percent which, however, was partly off-set by the decline in price of Food category by 0.9 percent.

The Central Bank says the continued low level of core inflation is a result of prudent monetary management by the monetary authority, which has been implemented successfully in containing price pressure emanating from the demand side.

ColomboPage - Recent 10 Stories
Ten killed when tractor falls into a canal in north central Sri Lanka
-- [4 hours ago]
Top UN official to attend World Conference on Youth 2014 in Sri Lanka
-- [4 hours ago]
Sangakkara officially retires from T20 International cricket
-- [5 hours ago]
President opens Sri Lanka's first auto assembly plant
-- [5 hours ago]
Provincial Councilor of Sri Lanka main opposition party wanted for assault surrenders to police
-- [6 hours ago]
Sri Lanka's ruling party mayor of Hambantota denies allegation of assaulting opposition MPs
-- [6 hours ago]
Sri Lankan peace organization calls on government to resume dialogue to avoid backslide to past
-- [6 hours ago]
Second major robbery in recent weeks in Sri Lanka's coastal town
-- [6 hours ago]
Sri Lanka police to probe inefficiency of police at Mattala airport and Hambantota harbor
Reconciliation cannot be achieved overnight, Sri Lanka tells US

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.