Wednesday, 22 May 2024 08:31

Sri Lanka’s inflation inches up marginally in April Featured

Rate this item
(0 votes)

The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has increased to 2.7% in April 2024, compared to 2.5% in March 2024, according to the latest data released by the Department of Census and Statistics.

Meanwhile, food inflation has decreased to 3.3% in April 2024 compared to 5.0% in March 2024.The NCPI for all items for the month of April 2024 is 208.2, which is a decrease of 1.8 index points or 0.89 per cent compared to March 2024 for which the index was 210.0.

This decrease represents a decrease in expenditure value of Rs. 946.09 in the “market basket”.The overall rate of inflation as measured by the NCPI on a Year-over-Year basis was 2.796 in April 2024 and inflation calculated for March 2024 was 2.5%.

On a monthly basis, the Year-on-Year inflation of the food group decreased to 3.3% in April 2024 from 5.0% in March 2024 and the Year-on-Year inflation of the non-food group increased to 2.3% in April 2024 from 0.7% in March 2024.

Read 38 times
There are 35833 listings and 1274 categories in our website