Hirunews Logo
Sri+Lanka%27s+inflation+eases+in+February
Thursday, 22 March 2018 - 15:24
Sri Lanka's inflation eases in February
4

Shares
582

Views

the Department of Census and Statistics (DCS) says that Headline Inflation, as measured by the change in the National Consumer Price Index (NCPI, 2013=100), decreased to 3.2 percent in February 2018 from 5.4 percent in January 2018, on a year-on-year basis.

The high base prevailed in February 2017 as well as the monthly decline in food prices in February 2018 supported by the favourable supply conditions attributed to this sharp decline in year-on-year inflation in February 2018.

Accordingly, when the monthly change is considered, the NCPI declined from 125.8 index points in January 2018 to 123.7 index points in February 2018 largely due to the decline in prices of the items in the Food category, particularly that of vegetables, green chillies, red onions, rice and big onions, the Department further said.

 

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE