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Friday, October 02, 2009 - 6.29 GMT

Inflation down to 0.7 per cent in September

 

The rate of inflation, computed by the Department of Census and Statistics, further dropped to 0.7 per cent in September, 2009 from 0.9 per cent in August, 2009. This is the lowest level of inflation recorded since February, 2004, states the Central Bank.

The annual average inflation rate also continued on its decelerating path observed since November, 2008 and declined further to 6.6 per cent compared to 8.5 per cent in the preceding month.

The Colombo Consumers’ Price Index increased marginally by 0.2 per cent over the previous month, with the Index moving upward to 208.6 from 208.1 in August, 2009. The contribution to the monthly increase in the Index arose mainly from the Food and Non alcoholic beverages sub category. The Clothing and footwear category recorded a decrease while the Housing, water, electricity, gas and other fuels, Health, Furnishing, household equipment and routine household maintenance, Education, and Miscellaneous goods and services categories recorded increases during the month.







 


 
   
   
   
   
   

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Last modified: October 02, 2009.

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