Colombo Consumer Price Index dips to 5.7% in Sept.

Inflation, as measured by the change in the Colombo Consumer Price Index (CCPI), declined to 5.7% in September from 6% in the previous month, the Department of Census and Statistics reported Thursday.

The CCPI for all items for the month of September increased to 144.1 from 143.5 in August.

Year-on-year (Y-o-Y) inflation of Food group decreased to 10% in September from 11.5% in August, while Non-Food inflation Y-o-Y increased to 3.8% in September from 3.5% in August.

For the month of September, on a Y-o-Y basis, contribution to inflation by Food commodities was 3.14% and the contribution of Non-Food items was 2.64%.

The moving average inflation rate for September was 4.5%. The corresponding rate for the month of August was 4.3%.