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Tuesday, August 04, 2009 - 06.45 GMT |
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Inflation
remains low |
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The rate
of
inflation,
as
measured
by the
point-to-point
change
in the
Colombo
Consumers’
Price
Index (CCPI),
recorded
1.1 per
cent in
July,
2009
after
reaching
five
year low
of 0.9
per cent
in June,
2009.
The
annual
average
inflation
rate
declined
further
to 10.4
per
cent,
compared
to 12.5
per cent
in June
2009,
continuing
its
decelerating
path
recorded
since
November,
2008,
said the
Central
Bank of
Sri
Lanka
yesterday.
The CCPI
increased
marginally
by 0.4
per cent
over the
previous
month,
with the
Index
moving
upward
to 208.7
from
207.8 in
June,
2009.
The
positive
contributions
to the
monthly
increase
in the
Index
arose
from the
sub
categories
of
Health,
Transport,
and
Housing,
water,
electricity,
gas and
other
fuels.
More
specifically,
increases
were
recorded
in the
payments
to
private
hospitals
and
consultation
fees to
specialists.
The fuel
and gas
prices
were
also
increased
since
the
first
week of
July.
However,
the full
impact
of these
increases
on the
index
was
partly
off-set
by price
decreases
in Food
and Non
alcoholic
beverages.
The Core
inflation,
on a
point-to-point
basis,
declined
to 6.0
per cent
in July,
compared
to 7.7
per cent
in June,
2009.
The
monthly
core
inflation
reached
1.1 per
cent,
and the
annual
average
core
inflation
declined
further
to 14.2
per cent
in July,
2009
from
15.2 per
cent in
the
previous
month.
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