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Inflation+in+February+2012+drops+to+2.7+percent%2C
Saturday, 03 March 2012 - 19:02
Inflation in February 2012 drops to 2.7 percent,
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Inflation, as measured by the Colombo Consumers' Price Index computed by the Department of Census and Statistics, decreased on a year-on-year basis from 3.8 per cent in January 2012 to 2.7 per cent in February, which is the lowest rate since January 2010.


The annual average inflation also decreased to 6.1 per cent in February from 6.5 per cent in the previous month, for the fifth consecutive month.

In addition, the annual average core inflation continued to decrease to 6.6 per cent as compared to that of January 2012, while the core inflation on an Year on Year basis remained at 4.7 per cent in February 2012.

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