Sri Lanka’s national consumer price index soars 70.2% year on year in Aug
Add BT as a preferred source
SRI Lanka’s National Consumer Price Index (NCPI) surged 70.2 per cent year on year in August after a 66.7 per cent rise in July, the statistics department said on Wednesday (Sep 21).
Food inflation climbed 84.6 per cent in August, while non-food inflation was up 57.1 per cent, the Department of Census and Statistics said in a statement.
The NCPI captures broader retail price inflation across the island nation and is released with a lag of 21 days every month.
The Colombo Consumer Price Index (CCPI), released at the end of each month, is more closely monitored. It acts as a lead indicator for broader national prices and shows how inflation is evolving in Colombo, Sri Lanka’s biggest city. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Japan Home closing outlets; staff say Valu$ taking over operations
Timah Partners lands S$60 million facility from lenders including UOB, RHB
