Colombo inflation drops below 1-pct in January

Jan 29, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo has dropped to 0.9 percent in January 2016 from a year earlier, down from 2.

8 percent in December 2015 with the inflation index dropping 0.2 percent in the month, the state statistics office said. The CCPI for all items for the month of January 2016 was 184.
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9 recording a decrease of 0.16 percent compared to the previous month for which the index was 185.2 Year on year inflation of Food Group has decreased from 4.2 percent in December 2015 to ‐ 0.2 percent in January 2016 while Non‐food Group has increased by 1.5 percent to 2.0 percent during this period. The overall rate of inflation as measured by CCPI is 0.9 percent in January 2016 and inflation calculated for December 2015 was 2.8 percent. The month on month index point decrease was due to the decrease of food items by 0.27 percent and increase of non‐food items by 0.10 percent, the state statistics office said.