Inflation in June 2019

Headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100) decreased to 2.1per cent in June 2019 from 3.5per cent in May 2019due to the high base prevailed in the corresponding month of the previous year. Meanwhile, in June 2019, both year-on-year Food and Non-food inflation decreased to -2.9 per cent and6.2 per centfrom -0.4 per cent and 6.7 per cent respectively.

The change in the NCPI measured on an annual average basis remained unchanged at2.0 per cent in June 2019.

When monthly change is considered, the NCPI increased by 0.4 per cent in June 2019 with the increases observed in the prices of the items in both Food and Non-food categories. Within the Food category, prices of fresh fish, big onions, green chillies, red onions and rice recorded increases. In addition, within the Non-Food category, prices of the items in Transport;and Restaurants and Hotels sub-categories increased during the month.


Published Date: 

Monday, July 22, 2019