July 31, Colombo: Sri Lanka's inflation, as measured by the change in the Colombo Consumers' Price Index (CCPI) , rose to 3.6 percent in July 2014 on a year-on-year basis after dropping to a 28-month low of 2.8 percent in June, figures released by the Census and Statistics Department Thursday showed .
The year on year inflation has been in single digit figures for 63 months continuously.
Annual average inflation, which declined since June 2013, declined further to 4.7 percent in July 2014, from 4.9 percent in the previous month.
The general price level increased in July 2014 by 1.0 percent compared to the prices in the previous month raising the absolute CCPI computed by the Department of Census and Statistics to 183.2 from 181.4 in June.
The increase in the index was totally attributed to the 2.1% increase in food prices. The combined effects of both domestically produced and imported food commodities contributed to the increase in the food sub Index.