Sri Lanka's consumer prices rose 0.6 percent in the 12-months to February 2015, slowing sharply from 3.2 percent in January, and the lowest since the 0.5 percent reported in February 2004.
CCPI declined significantly by 2.3 percent in February 2015 compared to the previous month.
The downward revision of fuel prices effected during January 2015 and the reduction of price/import duty of both food and non-food items as proposed in the Interim budget 2015 contributed heavily towards this monthly decline in the index.
Liquid fuel, LP Gas and bus fares in the Non-food category recorded considerable declines in prices.
This monthly decline in inflation was further supported by the decline in the prices of food items such as rice, most varieties of fish and vegetables. However, prices of eggs, coconuts, fruits and some varieties of