May consumer inflation up 4 %

Reuters: Sri Lankan consumer prices rose 4.0% in May from a year earlier, edging up from the previous month’s 3.8%, Government data showed on Thursday.

Core annual inflation, which excludes fresh food, energy, transport, rice and coconuts, rose at 3.2% in May on an annual basis compared with the previous month’s 3.5%. The index has a revised base year of 2013 and market basket.

On a month-on-month basis, the Colombo Consumer Price Index (CCPI) rose 1.2% in May, compared with a 0.1% rise in April, data from the Department of Census and Statistics showed.

The inflation rate in May, as measured on a 12-month moving average basis, eased to 5.7% from 5.9% in April.