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* Sri Lanka national inflation soars to 45.3 percent in May 2022
Tue, Jun 21, 2022, 05:09 pm SL Time, ColomboPage News Desk, Sri Lanka.

June 21, Colombo: Sri Lanka’s nationwide inflation in May 2022 determined under the National Consumer Price Index (NCPI) jumped to 45.3 percent from 33.8 percent recorded in April 2022 on a year-on-year basis, the Department of Census and Statistics reported Tuesday.

The NCPI for all items for the month of May 2022 increased to 208.7 from 190.3 in the previous month.

With respect to May 2021, the reported inflation for the month of May 2022 was mainly due to the higher price levels prevailed in both food and non-food groups.

Accordingly, the Year-on-Year inflation of the food group increased to 58.0 percent in May 2022 from 45.1 percent in April 2022 and the Year-on-Year inflation of the non-food group increased to 34.2 percent in May 2022 from 23.9 percent in previous month.

Contributions to the inflation rate of May 2022 from food group and non-food group are 27.26 percent and 18.10 percent respectively.

The moving average inflation for the month of May 2022 is 16.3 percent. The corresponding rate for the month of April 2022 was 13.0 percent.

 

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