Sept 21, Colombo: Sri Lanka’s nationwide inflation in August 2023 determined under the National Consumer Price Index (NCPI) decreased to 2.1 percent from 4.6 percent recorded in July 2023 on a year-on-year basis, the Department of Census and Statistics reported Monday.

The NCPI for all items for the month of August 2023 remained unchanged from the previous month at 201.9.

The month-on-month change was contributed by decreases in food items and non-food items of 0.17% and 0.53% respectively.

On a monthly basis, Year-on-Year inflation of the food group decreased to -5.4 percent in August 2023 from 2.5 percent in July and the Year-on-Year inflation of the non-food group decreased to 9.0 percent in August from 10.9 percent in July 2023.

On Year-on-Year basis, contribution of food commodities to inflation was -2.56 percent in August 2023 compared to the month of August 2022 and contribution of non-food items was 4.73 percent.