Sri Lanka's inflation, as measured by the change in the Colombo Consumers' Price Index (CCPI), increased to 4.8 percent in May 2016 from 3.1 percent in the previous month, the Department of Census and Statistics reported on Tuesday (May 31).
The CCPI for all items for the month of March was 188.5 recording an increase of 4.4 index points or 2.37 percent compared to the month of April 2016 for which the index was 184.1. This was due to the increase of food items by 1.07 percent and increase of non‐food items by 1.30 percent.
For the month of May 2016, on year to year basis, contribution to inflation by food commodities was 2.68% while the contribution of Nonfood items was 2.19%.
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.