Inflation as per CCPI decreases in Oct. for first time in 13 months

Tuesday, 1 November 2022 00:04 - - {{hitsCtrl.values.hits}}

The overall rate of inflation as measured by the Colombo Consumer Price Index (CCPI) in October saw its point-to-point decreasing for the first time in 13 months to 66.0% against its previous month of 69.8% while its annualised average increased to 38.3% against 33.4%.

The core inflation (Y-o-Y), which reflects the underlying inflation in the economy decreased to 49.7% in October 2022 from 50.2% in September 2022, while annual average core inflation increased to 27.8% in October 2022 from 24.1% in September 2022.

According to the Department of Census and Statistics, the Year on Year inflation of Food Group decreased to 85.6% in October 2022 from 94.9% in September 2022 and the Year on Year inflation of Non-Food Group also decreased to 56.3% in October 2022 from 57.6% in September 2022.

For the month of October 2022, on Year-an-Year basis, contribution to inflation by food commodities was 28.09%.

The contribution of Non-Food items was 37.85%. This was mainly due to increases in value change in groups of ‘Transport’ (13.28%), ‘Housing, Water, Electricity, Gas and Other Fuels’, (7.71%), ‘Restaurants & Hotels’ (4.88%), ‘Miscellaneous Goods and Services’ (2.61%), ‘Education’ (1.91%), ‘Health’ (1.84%), ‘Clothing and Footwear’ (1.87%), ‘Furnishing Household Equipment and routine Household Maintenance’ (1.67%), ‘Alcoholic Beverages Tobacco and Narcotic’ (0.74%), ‘Recreation and Culture’ (0.61 %) and ‘Communication’ (0.74%).

President’s telling tales of woes at tea forum

President eyes $ 3-4 b via sale of SOEs; says big State sector did not help SL to grow fast

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.