The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to -0.2% in September 2024 from 1.1% in August 2024, according to the latest data released by the Department of Census and Statistics.Â
Meanwhile, food inflation also decreased to 0.5% in September, down from 2.3% in August.
The NCPI for all items for the month of September 2024 is 203.1 and it records a decrease of 1.0 in index points compared to August 2024.
The NCPI for all items for the months of September 2024 is 203.1. A decrease of 1.0 index points or 0.48 percentage compared to August 2024 for which the index was 204.1. This decrease represents a decrease in expenditure value of Rs. 500.25 in the âmarket basketâ.
The overall rate of inflation as measured by the NCPI on a Year-over Year basis was -0.2% in September 2024 and inflation calculated for the August 2024 was 1.1%.Â
On a monthly basis, the Year-on-Year inflation of the food group decreased to 0.5% in September 2024 from 2.3% in August 2024 and the Year-on-Year inflation of the non-food group decreased to -0.7% in September 2024 from 0.2% in August 2024.
On a Year-on-Year basis, contribution of food commodities to inflation was 0.22 percent in September 2024 compared to the month of September 2023, the report said.
Sri Lanka’s economic recovery, moderating inflation, and lower interest rates are poised to spur finance…
A total of 21,160 postal voting applications have been rejected out of the total applications…
Asia’s 50 Best Bars has awarded Smoke & Bitters the title ‘Best Bar in Sri…
A private secretary of former State Minister Lohan Ratwatte was found dead with gunshot injuries…
Sri Lanka defeated the West Indies by five wickets via the Duckworth-Lewis-Stern method in the…
Motopark’s Yevan David won on his Euroformula debut at a damp Monza. The 17-year-old is…