Aug 23, Colombo: Sri Lanka’s nationwide inflation in July 2021 determined under the National Consumer Price Index (NCPI) increased to 6.8 percent from the 6.1 percent in the month of June on a year-on-year basis, the Department of Census and Statistics reported Monday.
The NCPI for all items for the month of July 2021 increased to 146.6 from 145.7 in June 2021.
Monthly change of NCPI recorded at 0.63 percent in July 2021 due to increases observed in prices of items in both Food and Non-food categories. Moreover, monthly changes of Food and Non-food categories recorded at 0.37 per cent and 0.27 per cent, respectively.
Year-on-Year inflation of both food group and non-food group increased from 9.8 percent in June 2021 to 11.0 percent in July 2021 and from 2.9 percent in June 2021 to 3.2 percent in July 2021 respectively.
On Year-on-Year basis, contribution of food commodities to inflation was 5.07 percent in July 2021 compared to that of July 2020 (Table 04). Contribution of non-food items was 1.70 percent.
Within the Food category, prices of sugar, vegetables, dried fish and fresh fish increased whereas, prices of coconut and coconut oil recorded decreased.
Moreover, prices of items in the Non-Food category recorded an increase mainly due to price increases observed in the Transport (Petrol and Diesel) and Restaurant and Hotels sub-categories during the month.
The moving average inflation for the month of July 2021 is 5.4 percent. The moving average inflation rate remained unchanged in July 2021 with respect to the month of June 2021 as well as for the month of May 2021.