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* Sri Lanka nationwide inflation rises to 7.9 percent in August 2017
Thu, Sep 21, 2017, 07:09 pm SL Time, ColomboPage News Desk, Sri Lanka.

Sept 21, Colombo: Sri Lanka's nationwide inflation in August 2017 determined under the National Consumer Price Index (NCPI) increased to 7.2 percent from 6.3 percent recorded in July on an year-on-year basis, the Department of Census and Statistics reported on Thursday.

The reason for increase in inflation was attributed to the low price levels prevailed in August 2016.

The NCPI for all items for the month of August 2017 decreased marginally by 0.09 percent to 122.3 from 123.4 in July. The decrease in the index point by was due to the expenditure value decrease of food items by 0.25 percent and increase of non‐food items by 0.16 percent.

Year-on-year inflation of food group reported for the month of August 2017 was 12.1 percent while that for nonfood group was 4.8 percent.

On year on year basis, contribution of food commodities to inflation was 5.29 percent in August 2017 compared to August 2016. Contribution of non-food items was 2.68 percent.

The moving average inflation for the month of August 2017 is 6.5 percent. The corresponding rate for the month of July 2017 was 6.2 percent.

 

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