Categories: BusinessHeadlines

Sri Lanka’s average inflation remains at 18-month high in June

National Consumer Price Index which measures nation-wide inflation is the most recent consumer price index of the Statistics Department that has been released monthly from October 2015.

Data is available for the annual average percentage change since December 2015 where the index reported 3.8 percent.

Annual average inflation or 12-month moving average is the percentage difference between the average price index of last 12 months and the average price index of previous 12 months.

Moving average is used to determine the direction of inflation which allows looking at smoothed data rather than focusing on short term price fluctuations.

As per the statistics, nation-wide consumer prices in June rose 6.3 percent from a year earlier, after accelerating 7.1 percent a month ago.

When the monthly change is considered, the index rose 1.3 percent in June, after rising 0.7 percent in May.

The index increased from 121.8 index points in May to 123.4 index points in June mainly due to the increase in prices of the items in the food category.

Lankanewspapers

Recent Posts

LNP – Deputy Minister reveals procedure for importing vehicles

Deputy Minister of Economic Development Prof. Anil Jayantha Fernando clarified the procedure for importing vehicles…

11 hours ago

LNP – Arjuna Mahendran noticed to appear in court over bond scam

The Colombo Chief Magistrate's Court today issued a notice directing former Central Bank Governor Arjuna…

12 hours ago

LNP – Presence of Harini, Vijitha, Tilvin at ABBA Tribute Show clarified

Responding to social media reports criticizing the presence of top NPP members at the ABBA…

19 hours ago

LNP – China reiterates support to Sri Lanka

The Vice Minister of the International Department of the CPC Central Committee (IDCPC), Sun Haiyan…

19 hours ago

LNP – Very heavy rainfall of over 200 mm expected – Met Dept.

The Meteorology Department says the Depression over Southwest Bay of Bengal was located to southeast…

19 hours ago

LNP – A/L candidates affected by bad weather allowed to sit for exams at nearest centres

Candidates facing difficulties are encouraged to contact the Disaster Management Centre (DMC) via the hotline…

19 hours ago