Sri Lanka’s Inflation Inches Up to -0.6% in June
Food Prices Cool as Non-Food Deflation Eases in Colombo Consumer Index Sri Lanka’s overall inflation, as measured by the Colombo Consumer Price Index.
Food Prices Cool as Non-Food Deflation Eases in Colombo Consumer Index Sri Lanka’s overall inflation, as measured by the Colombo Consumer Price Index.
Sri Lanka’s headline inflation, measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100), dropped sharply to 0.5% in.
Sri Lanka’s consumer prices in the capital Colombo increased by 2.4% in the 12 months to July 2024. However, the central bank’s deflationary.
The Central Bank has reduced its key policy rates by 25 basis points, bringing the Standing Lending and Deposit Facility rates to 9.25%.