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Inflation+reached+low+single+digit+levels+by+end+2014
Friday, 02 January 2015 - 12:57
Inflation reached low single digit levels by end 2014
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The Central Bank of Ceylon said that prudent monetary management, relatively stable exchange rate, moderation in prices of both food and non-food imported items, supply side improvements, downward revisions in administered prices of electricity and water tariffs, LP Gas and fuel and timely fiscal policy measures introduced to contain supply side disturbances in harmony with monetary policy measures has helped maintain inflation at low levels during 2014.

Inflation, as measured by the change in the Colombo Consumers’ Price Index, which is computed by the Department of Census and Statistics, decreased to 2.1 per cent in December 2014 compared to 4.7 per cent in December 2013 on a year-on-year basis.
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