Inflation up 2% in March

Reuters: Consumer prices rose 2% in March from a year earlier, slowing from the previous month’s 2.7% year-on-year increase, data from the Department of Census and Statistics showed on Thursday.

Core annual inflation, which excludes fresh food, energy, transport, rice and coconuts, edged down to 4.5% from February’s 33-month high of 5.7%. It hit a record low of 0.8% in February 2015.  

On a month-on-month basis, the Colombo Consumer Price Index (CCPI) fell 1.1% in March, from a 0.6% decline in February. 

March inflation, as measured on a 12-month moving average basis, was 1.1%, compared with February’s 0.9%.