Colombo Consumer Prices Dive Deeper into Deflation in November 2024 Amid Fuel Price Cuts
Inflation in Colombo fell further into deflationary territory in November 2024, as anticipated by the Central Bank, with a significant decline in non-food prices and a slower decrease in food prices compared to the previous month. The Colombo Consumer Price Index (CCPI) saw a 2.1% drop in the year through November 2024, a sharper decline