Nov 21, Colombo: Sri Lanka’s nationwide inflation in October 2022 determined under the National Consumer Price Index (NCPI) declined to 70.6 percent from 73.7 percent recorded in September 2022 on a year-on-year basis, the Department of Census and Statistics reported Monday.
The NCPI for all items for the month of October 2022 marginally increased to 256.9 from 256.2 in the previous month.
With respect to October 2021, the reported inflation for the month of October 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 decreased to 80.9 percent in October 2022 from 85.8 percent in September 2022 and the Year-on-Year inflation of the non-food group decreased to 61.3 percent in October 2022 from 62.8 percent in previous month.
Contributions to the inflation rate of October 2022 from food group and non-food group are 34.85 percent and 32.15 percent respectively.
The moving average inflation for the month of October 2022 is 42.2 percent. The corresponding rate for the month of September 2022 was 36.9 percent.