Sri Lanka’s inflation in March 2022 determined under the National Consumer Price Index (NCPI) jumped to 21.5 percent from 17.5 percent recorded in February 2022 on a year-on-year basis.
The Department of Census and Statistics reported that the NCPI for all items for the month of March 2022 increased to 172.7 from 167.8 in the previous month.
With respect to March 2021, the reported inflation for the month of March 2022 was mainly due to the higher price levels prevailed in both food and non-food groups.
Accordingly, the Year-on-Year inflation of the food group increased to 29.5 percent in March 2022 from 24.7 percent in February 2022 and the Year-on-Year inflation of the non-food group increased to 14.5 percent in March 2022 from 11.0 percent in previous month.
Contributions to the inflation rate of March 2022 from food group and non-food group are 13.79 percent and 7.71 percent respectively.