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 drops significantly in May 2014 to 3.2 percent
Fri, May 30, 2014, 07:17 pm SL Time, ColomboPage News Desk, Sri Lanka.

May 30, Colombo: Sri Lanka's inflation, as measured by the change in the Colombo Consumers' Price Index (CCPI) , dropped significantly in May 2014 to 3.2 percent on a year-on-year basis after rising to 4.9 percent in previous month, figures released by the Central Bank showed.

The year on year inflation has been in single digit figures for 64 months continuously. This month's inflation is the lowest rate recorded since March 2012.

Annual average inflation, which declined since June 2013, declined further to 5.3 percent in May 2014, from 5.6 percent in April 2014.

The sharp deceleration of inflation was a result of the moderation in prices of some items in the Non-food category and the high base prevailed in May 2013, the Central Bank said.

The general price level increased in May 2014 by 0.6 percent compared to the prices in the previous month raising the absolute CCPI computed by the Department of Census and Statistics to 179.5 from 178.4 in April.

The increase in the index was totally attributed to the 1.3 percent increase in food prices, mainly due to the increase in prices of vegetables, fish and onions resulted from less supply during the month.

ColomboPage - Recent 10 Stories
Military restrictions imposed on Sri Lanka's Eastern Province Chief Minister lifted
-- [5 minutes ago]
Canada provides humanitarian support to ongoing relief efforts in Sri Lanka
-- [39 minutes ago]
High level Sri Lankan delegation attends first-ever Wesak festival at Taxila in Pakistan
-- [1 hour and 4 minutes ago]
Israel provides disaster relief to Sri Lanka after deadly landslides
-- [8 hours ago]
Sri Lanka invited to the 12th World Islamic Economic Forum for the first time
-- [8 hours ago]
Public Representations Committee on Constitutional Reforms to hand over report to PM tomorrow
-- [9 hours ago]
Tourism Minister sees Sri Lanka's potential to grow MICE tourism
-- [9 hours ago]
Chief Minister should apologize unconditionally - SLMC Leader Rauf Hakeem
More landslides threat in Sri Lanka if rains continue
Sri Lanka state doctors' union asks President to remove Health Minister

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.