June inflation up 6%

Friday, 1 July 2016 00:00 - - {{hitsCtrl.values.hits}}

Reuters: Sri Lanka’s consumer prices rose to a 32-month high of 6.0% in June from a year earlier, accelerating from the previous month’s 4.8% rise, data from the Department of Census and Statistics showed on Thursday.

Core annual inflation, which excludes fresh food, energy, transport, rice and coconuts, rose 6.4%, slowing down from a 38-month high of 6.6% hit in previous month.

On a month-on-month basis, the Colombo Consumer Price Index (CCPI) rose 2.1% in June, compared with 2.4% in May.

June inflation, as measured on a 12-month moving average basis, was 2.2%, compared with May’s 1.7%.