CCPI based Inflation increased in July 2020

Headline inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) increased to 4.2 per cent in July 2020 from 3.9 per cent in June 2020. This was mainly driven by monthly increase of prices of items in Non-food category along with the statistical effect of the low base prevailed in July 2019. Food inflation (Y-o-Y) increased to 10.9 per cent in July 2020 from 10.0 per cent in June 2020. Further, Non-food inflation  (Y-o-Y) also increased marginally to 1.5 per cent in July 2020 from 1.4 per cent in June 2020.

The change in the CCPI measured on an annual average basis also increased marginally to 4.8 per cent in July 2020 from 4.7 per cent in June 2020.

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Published Date: 

Friday, July 31, 2020