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Wednesday, November 04, 2009 - 8.00 GMT |
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Inflation
continues to decelerate |
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The
annual
average
inflation
rate, as
measured
by the
Colombo
Consumer’s
Price
Index,
continued
to
decelerate
since
November,
2008 and
reached
the five
year low
of 5.2
per
cent,
compared
to 6.6
per cent
in the
previous
month,
states
the
Central
Bank.
At the
same
time,
the core
inflation,
which
measures
the
price
movement
of
non-food
and
non-energy
items of
the
Colombo
Consumers’
Price
Index (CCPI),
further
dropped
in
October,
2009.
The CCPI
increased
marginally
by 0.4
per cent
over the
previous
month,
with the
Index
moving
upward
to 209.4
from
208.6 in
September,
2009.
The rate
of
inflation,
on a
year on
year
basis,
increased
marginally
to 1.4
per cent
in
October,
2009
from 0.7
per cent
in
September,
2009.
Meanwhile,
the core
inflation,
on a
point-to-point
basis,
decreased
further
to 5.1
per cent
compared
to 5.4
per cent
in
September,
2009
with the
annual
average
rate
also
declining
to 11.0
per cent
from
12.1 per
cent in
the
previous
month,
stated
the
Central
Bank.
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