The Department of Census and Statistics reports that Sri Lanka’s nationwide inflation in August 2022 determined under the National Consumer Price Index (NCPI) rose to 70.2 percent from 66.7 percent recorded in July 2022 on a year-on-year basis.
The NCPI for all items for the month of August 2022 increased to 250.4 from 244.4 in the previous month.
With respect to August 2021, the reported inflation for the month of August 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 84.6 percent in August 2022 from 82.5 percent in July 2022 and the Year-on-Year inflation of the non-food group increased to 57.1 percent in August 2022 from 52.4 percent in previous month.
Contributions to the inflation rate of August 2022 from food group and non-food group are 40.41 percent and 29.79 percent respectively.
The moving average inflation for the month of August 2022 is 31.3 percent. The corresponding rate for the month of July 2022 was 25.9 percent.