Sri Lanka, May 1 -- Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 showed some uptick to
record 1.5% in April 2024 compared to 0.9% in March 2024.
Food inflation (Y-o-Y) decelerated to 2.9% in April 2024 from 3.8% in March 2024. Nevertheless, Non-Food Category recorded an inflation (Y-o-Y) of
0.9% in April 2024 compared to the 0.5% deflation observed in March 2024.
On a month-on-month basis, inflation continued to decline. Monthly change of CCPI recorded -0.79% in April 2024 due to the price decreases of 0.32% observed in the items of Food category and the price decreases of 0.47% observed in the items of Non-Food category.
Meanwhile, core inflation (Y-o-Y), whic...