Headline inflation, as measured by the year-onyear (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100), decreased marginally to 6.7 per cent in August 2021 from 6.8 per cent in July 2021. This decline was entirely due to the statistical effect of the high base prevailed in August 2020. Meanwhile, Food inflation (Y-o-Y) increased marginally to 11.1 per cent in August 2021 from 11.0 per cent in July 2021, while Non-Food inflation (Y-o-Y) decreased to 3.0 per cent in August 2021 from 3.2 per cent in July 2021.
The NCPI, measured on an annual average basis, increased marginally to 5.5 per cent in August 2021 from at 5.4 per cent in July 2021.
Mr. Ajith Nivard Cabraal assumed duties as the 16th Governor of the Central Bank of Sri Lanka on Wednesday, the 15th of September 2021 in Colombo. His appointment was made by His Excellency the President of the Democratic Socialist Republic of Sri Lanka Gotabaya Rajapaksa, according to the provisions of the Monetary Law Act No.58 of 1949. Accordingly, Mr. Cabraal will function as the Chairman of the Monetary Board of the Central Bank of Sri Lanka.
