Sri Lanka November NCPI down to 8.4-pct

Dec 22, 2017 (LBO) - Sri Lanka's November national consumer price inflation in November was down to 8.

4 percent from a year earlier, official data shows. Consumer prices rose 1.3 percent in November, up from a 1.2 percent rise in October, the the Department of Census and Statistics said in a statement. The NCPI for all items for the month of November 2017 was 126.

4, an increase of 1.6 index points or a percentage of 1.3 was reported in November 2017 compared to that of October 2017 for which the index was 124.8. This increase represents increase in expenditure value of 504.18 rupee in the “Market Basket”. The national consumer basket includes 407 items which represent the consumption expenditure of all households in Sri Lanka. For the compilation of NCPI, three price quotations are collected for each of the items in each district town. Prices for some items are collected weekly (e.g. fresh fish, rice, vegetables, fruits, coconut etc.), while prices for other items are collected twice a week (e.g. dried fish, spices, cereals, etc.), monthly (e.g. readymade garments, washing soap/washing powder etc.) and quarterly (e.g. furniture, laundry charges etc.). The frequency of price collection is determined by on an average how frequently price changes are taken place.