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* Sri Lanka national inflation declines to 5.9 percent in April 2020
Thu, May 21, 2020, 09:06 pm SL Time, ColomboPage News Desk, Sri Lanka.

May 21, Colombo: Sri Lanka’s nationwide inflation in April 2020 determined under the National Consumer Price Index (NCPI) declined to 5.9 percent from 7.0 percent recorded in March 2020 on a year-on-year basis, the Department of Census and Statistics reported Thursday.

The NCPI for all items for the month of April 2020 decreased to 134.8 from 135.2 in previous month. The month-on-month change was contributed totally by decrease of index values of food items by 0.33%. The group of non-food items remained unchanged during the month of April 2020.

Contributions to the inflation rate of April 2020 from food group and non-food group are 5.2% and 0.7% respectively.

With respect to April 2019, the reported increase in percentage of food group was mainly due to higher price levels prevailed in this month of April 2020, particularly prices of coconuts, rice, fresh fish, coconut oil, chili powder, red onions and big onions.

Core inflation, which reflects the underlying inflation by excluding volatile items of food, energy and transport groups in the economy as measured by the Year-on-Year change based on NCPI for the month of April 2020 remained unchanged at 3.2 percent.

 

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