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* Sri Lanka nationwide inflation declines to 2.1 percent in June 2019
Tue, Jul 23, 2019, 09:59 am SL Time, ColomboPage News Desk, Sri Lanka.

July 23, Colombo: Sri Lanka's nationwide inflation in June 2019 determined under the National Consumer Price Index (NCPI) declined to 2.1 percent from 3.5 percent recorded in May on a year-on-year basis, the Department of Census and Statistics reported Tuesday.

The NCPI for all items for the month of June 2019 increased to 129.2 from 128.7 in May.

The increase in the index point by 0.42 percent was due to the expenditure value increase of food items by 0.37 percent and expenditure value increase of non-food items by 0.05 percent.

The Year-on-Year inflation of food group has decreased from ‐1.2 percent in May 2019 to ‐2.9 percent in June 2019 and that of non‐food group has also decreased from 6.7 percent to 6.2 percent during this month.

Contributions to the inflation in June 2019 from food group and non-food group are -1.32 percent and 3.42 percent respectively.

The moving average inflation for the month of June 2019 remained unchanged at 2.0 percent.

 

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