Sri Lanka's inflation, as measured by the change in the Colombo Consumers' Price Index (CCPI), rose to 2.7 percent in February 2016 from 0.9 percent in the previous month, the Department of Census and Statistics reported on Monday (29).
The year-on-year (YoY) inflation increase was mainly due to elimination of effect of price reduction of few essential food items, LP Gas, Kerosene Oil, Petrol, Diesel and Bus Fare (Budget Proposals) implemented by the Government in February 2015.
The CCPI for all items for the month of February was 183.8 recording a decrease of 1.1 index points or 0.56 percent compared to the month of January 2016 for which the index was 184.9. This was due to the decrease of food items by 0.49 percent and decrease of non‐food items by 0.06 percent.
YoY inflation of Food Group has increased from ‐0.2 percent in January 2016 to 0.8 percent in February 2016 while Non‐food Group increased by 2.0 percent to 4.6 percent during this period.
The Department of Census and Statistics has commenced releasing National Consumer Price Index (NCPI) from October 2015 with a time lag of 21 days. However, CCPI is released on the last working day of each month.