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Home LOCAL

Sri Lanka’s inflation soars to 58.9%

Chanuk Rajakaruna by Chanuk Rajakaruna
3 weeks ago
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Inflation decreases marginally to 6.7 per cent in August 2021
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Inflation in Sri Lanka in June 2022 determined under the National Consumer Price Index (NCPI) jumped to 58.9 percent from 45.3 percent recorded in May 2022 on a year-on-year basis.

The Department of Census and Statistics said the NCPI for all items for the month of June 2022 increased to 231.5 from 208.7 in the previous month.

Reported inflation for the month of June 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 75.8 percent in June 2022 from 58.0 percent in May 2022 and the Year-on-Year inflation of the non-food group increased to 43.6 percent in June 2022 from 34.2 percent in previous month.

Contributions to the inflation rate of June 2022 from food group and non-food group are 36.05 percent and 22.87 percent respectively.

The moving average inflation for the month of June 2022 is 20.8percent.

Chanuk Rajakaruna
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