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Tuesday, October 01, 2013 - 05.50 GMT
Inflation drops in September


Inflation decreased to 6.2 per cent in September 2013 from 6.3 per cent in the previous month, mainly due to low food prices, states the Central Bank.

The annual average inflation rate also decreased further to 7.8 per cent in September 2013 from 8.0 per cent in the previous month, for the fourth consecutive month.

The contribution to the monthly decrease in the Index came mainly from price decreases (by 0.5 per cent) in the Food and Non Alcoholic Beverages sub-category. Within the Food category, the prices of almost all varieties of rice, vegetables, fresh fish, dried fish, chicken, potatoes, green chillies and big onions decreased during the month.

Within the Non-Food category, decrease in prices was reported in the sub-category of Clothing and Footwear (by 0.3 per cent), the Bank added.




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Last modified: October 01, 2013.

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