Inflation as measured by the Colombo Consumers' Price Index (CCPI) (2006/07=100), computed by the Department of Census and Statistics, decreased to 5.7 % in April from 5.9 % in March 2012 on an annual average basis, while the year-on-year inflation moved up to 6.1 % in April from 5.5 % in the previous month.
"It is noteworthy that inflation, on a year-on-year basis, remained at single digit levels for the 39th consecutive month. Meanwhile, core inflation, on an annual average basis, continued to decrease to 6.3 % in April, from 6.5 % in the previous month, for the seventh successive month. However, core inflation increased to 5.2 % in April from 4.9 % in March 2012, on a year-on-year basis," the Central Bank said in a statement.
The CCPI increased by 0.6 % in April over the previous month with the increase in the Index coming mainly from price increases in the food category, which rose by 1 %. Within the food sub-category, the prices of most varieties of vegetables and fresh fish, potato, big onion, eggs, dried fish, dhal and sugar increased due to seasonal demand.