Sri Lanka’s inflation inches up marginally in April
May 21, 2024 04:23 pm
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has increased to 2.7% in April 2024, compared to 2.5% in March 2024, according to the latest data released by the Department of Census and Statistics.
Meanwhile, food inflation has decreased to 3.3% in April 2024 compared to 5.0% in March 2024.
The NCPI for all items for the month of April 2024 is 208.2, which is a decrease of 1.8 index points or 0.89 per cent compared to March 2024 for which the index was 210.0.
This decrease represents a decrease in expenditure value of Rs. 946.09 in the “market basket”.
The overall rate of inflation as measured by the NCPI on a Year-over-Year basis was 2.796 in April 2024 and inflation calculated for March 2024 was 2.5%.
On a monthly basis, the Year-on-Year inflation of the food group decreased to 3.3% in April 2024 from 5.0% in March 2024 and the Year-on-Year inflation of the non-food group increased to 2.3% in April 2024 from 0.7% in March 2024.
On a Year-on-Year basis, the contribution of food commodities to inflation was 1.43 per cent in April 2024 compared to the month of April 2023.
