Sept 30, Colombo: Sri Lanka's inflation, as measured by the change in the Colombo Consumers' Price Index (CCPI), increased to 7.1 percent in September 2017 from 6.0 percent in August, the Department of Census and Statistics reported on Friday.
The CCPI for all items for the month of September increased by 0.71 percent to 119.7 from 118.8 recorded in August 2017. The increase in the index point was due to the increase of Food and nonalcoholic beverages items by 0.49 percent and increase of
Non Food items by 0.22 percent.
Year-on-Year inflation of Food Group has increased from 6.9 percent in August to 10.4 percent in September 2017 and that of
Non‐food Group has decreased from 5.7 percent to 5.5 percent during this period.
For the month of September 2017, on year to year basis, contribution to inflation by food commodities was 3.06 percent. The contribution of Nonfood items was 3.97 percent.
The 12-month moving average inflation rate for the month of September 2017 was 5.8 percent. The corresponding rate for the month of August was 5.5 percent.
The CCPI is compiled to indicate average changes in the prices of goods and services purchased by households in urban areas of Colombo district.