Sri Lanka nationwide inflation declines to 5.8 percent in July 2016


Sri Lanka's nationwide inflation in July 2016 determined under the new National Consumer Price Index declined to 5.8 percent from 6.4 percent recorded in June 2016, on a year-on-year basis.

Reversing the trend since March 2016, the NCPI for all items for the month of July 2016 decreased by 0.8 percent to 115.2 from 116.1 in June 2016.

This decline was due to the value change decrease of food items by 0.70% and value change decrease of non‐food items by 0.09%.

The Year-on-Year inflation of Food Group reported for the month of July 2016 was 6.7 percent while that for Non-Food Group was 5 percent.