Lanka February Inflation Eases to 4.5 Percent
Lanka February Inflation Eases to 4.5 Percent

Lanka February Inflation Eases to 4.5 Percent

Lanka February Inflation Eases to 4.5 Percent

Sri Lanka’s headline inflation, which consists of all items in the basket of Colombo consumer price index eased to 4.5% during the 12 months to February from 5.8% in January over the base effects and lower food prices, Economynext reported. February marked the easing of inflation for the fourth consecutive month since the index rose to 7.8% in October 2017. February’s inflation is also the lowest since 4.5% reported for December 2016. On a month-on-month basis, the headline inflation fell 0.7%, from just 0.1% in January, the biggest MoM contraction since August 2016. Sri Lanka’s prices were rising since then due to higher credit growth, currency collapse and adverse weather conditions, which negatively affected the harvesting seasons driving the prices of rice and vegetables higher. Meanwhile, the so-called core prices, which measure the inflation barring the volatile items such as food and energy, rose by 3.5% in February, unchanged from January. However, on a MoM basis the rise in core inflation eased to 0.2%, from 0.6% increase in January. The food inflation eased by 2.9% from 1.9% in January.

Short URL : https://goo.gl/CsomFp
  1. https://goo.gl/wEka47
  • https://goo.gl/9UE2U3
  • https://goo.gl/AnKEUZ
  • https://goo.gl/hm2WBF
  • https://goo.gl/xsKjEM

You can also read ...

Russia Economic Recovery Underway
Retail sales in Russia picked up in April, while real wages...
While China tries to alleviate its demographic crunch, the aging society means a pension shortfall.
Forget that image of sweatshops making all kinds of cheap...
Greece at Crucial Point
Discussions are heating up over future debt repayments for...
Brazil CB Keeps Rates on Hold
Brazil’s central bank considered cutting interest rates last...
In 2017 banks had total mortgage lending of around $352 billion.
High levels of household debt are the greatest risk to Sweden’...
Peru Economy Strengthens
Economic growth in Peru strengthened in the first quarter...
EU Tells Italy to Cut Debt, Warns of Euro Spillover
Italy’s incoming government should aim to cut its heavy public...
Saudi Gov’t Told Not to Boost Spending
The International Monetary Fund urged the Saudi government not...

Add new comment

Read our comment policy before posting your viewpoints