Inflation rate rises to six month high of 7.1%

Reuters: Consumer inflation rate rose to a six-month high of 7.1% in September from a year earlier, from the previous month’s 6.0% rise, under a revised base-year and market basket, data from the Department of Census and Statistics showed on Friday. 

Core annual inflation, which excludes fresh food, energy, transport, rice and coconuts, rose 6.0% in September, the same pace as the previous month, the index with a new base year of 2013 showed.

On a month-on-month basis, the Colombo Consumer Price Index (CCPI) rose 0.8% in September, compared with a 0.5% fall in August.

Inflation...

Inflation in September, as measured on a 12-month moving average basis, rose to a record high of 5.8% compared with the previous month’s 5.5%.