Sri Lanka’s CCPI inflation down 0.5-pct points in July 2016

July 29, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo has accelerated 5.5 percent in July 2016 from a year earlier, down from 6.0 percent in June with the inflation index gaining 0.2 percent in the month, the state statistics office said. Year on year inflation of Food Group has decreased from 8.2 percent in June 2016 to 8.1 percent in July 2016 while Nonfood Group decreased by 4.0 percent to 3.0 percent during this period. For the month of July 2016, on year to year basis, contribution to inflation by food commodities was 3.89 percent and the contribution of Non food items was 1.60 percent. The moving average inflation rate for the month of July 2016 was 2.7 percent.