Colombo inflation accelerates to 3.1-pct in November

Nov 30, 2015 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 3.1 percent in November 2015 from a year earlier, up from 1.7 percent in October with the inflation index rising 1.4 percent in the month, the state statistics office said. Year on year inflation of Food Group has increased from 2.7 percent in October 2015 to 5.2 percent in November 2015 while Nonfood Group increased by 0.8 percent to 1.1 percent during this period. For the month of November on year to year basis, contribution to inflation by food commodities was 2.48 percent and contribution of Non food items was 0.59 percent. Meanwhile the index point increased by 1.4 percent from October to November due to the increase of food items by the same percentage, the state statistics office said.