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* Sri Lanka nationwide inflation rises to 7.9 percent in September 2017
Mon, Oct 23, 2017, 11:06 pm SL Time, ColomboPage News Desk, Sri Lanka.

Oct 23, Colombo: Sri Lanka's nationwide inflation in September 2017 determined under the National Consumer Price Index (NCPI) increased to 8.6 percent from 7.9 percent recorded in August on an year-on-year basis, the Department of Census and Statistics reported on Monday.

The reason for increase in inflation was attributed to the comparatively lower price levels prevailed in September 2016.

The NCPI for all items for the month of September 2017 increased by 0.87 percent to 123.3 from 122.3 in August. The increase in the index point by 0.87 percent was due to the expenditure value increases of food items by 0.80 percent and non‐food items by 0.07 percent respectively.

Y on Y inflation of food group reported for the month of September 2017 was 13.9 percent while that for non-food group was 4.5 percent.

On year on year basis, contribution of food commodities to inflation was 6.07 percent in September 2017 compared to September 2016. Contribution of non-food items was 2.56 percent.

The moving average inflation for the month of September 2017 is 6.8 percent. The corresponding rate for the month of August 2017 was 6.5 percent.

 

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