July inflation slows to 3.3%

Friday, 2 August 2019 00:00 - - {{hitsCtrl.values.hits}}

Inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI), reduced to 3.3% in July from 3.8% in June, latest data from the Department of Census and Statistics said.

The CCPI for all items declined marginally in July 2019, to 130.0 from 130.2 in June 2019. A decrease in the index point by 0.18% was due to the expenditure value decrease of Food items by -0.22% and increase of Non-Food items by 0.03%.

The year-on-year (YoY) inflation of Food Group has decreased from -1.0% in June 2019 to -2.6% in July 2019 while that of Non-food Group has decreased from 6.0% in June 2019 to 5.9% in July 2019.

For the month of July 2019, on year-to-year basis, contribution to inflation by food commodities was -0.79%. The contribution of Non-Food items was 4.13%.

The moving average inflation rate for the month of July 2019 remained unchanged from June at 4.2%.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.