Sri Lanka’s headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) rose to 6.3 per cent in June from 5.2 per cent in May 2020.
This was mainly driven by the monthly increase in prices of items in the food category. Accordingly, food inflation (Y-o-Y) increased to 13.6 per cent in June from 11.1 per cent in May, while non-food inflation (Y-o-Y) remained unchanged at 0.8 per cent in June, the Central Bank said in a statement.
The change in the NCPI measured on an annual average basis increased to 5.6 per cent in June from 5.2 per cent in May. The monthly change in the NCPI was recorded at 1.4 per cent in June mainly due to increases observed in prices of items in the food category.
Accordingly, within the food category, prices of seven food items including vegetables, sugar, fresh fish, eggs and rice increased significantly during the month.
Core inflation (Y-o-Y) increased to 4.4 per cent in June from 3.7 per cent in May, while annual average core inflation decreased to 4.6 per cent in June from 4.8 per cent in May. (BS)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
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