Headline inflation as measured by the yearon-year change in the National Consumer Price Index (NCPI, 2013=100) reversed its declining trend, recording 1.0 per cent in November 2018 from 0.1 per cent in October 2018. The increase observed in year-on-year inflation in November 2018 is mainly driven by the increase of the prices of Food items. Year-on-year Food inflation increased to -3.9 per cent in November 2018 from -6.6 per cent in October 2018. However, year-on-year Nonfood inflation decreased from 5.8 per cent in October 2018 to 5.2 per in November 2018.
The change in the NCPI measured on an annual average basis decreased to 2.7 per cent in November 2018 from 3.3 per cent in October 2018.
The Central Bank of Sri Lanka held its 11th International Research Conference on 07 December 2018 at the John Exter International Conference Hall. This conference is held annually, with the objective of promoting theoretical and empirical research in fields related to contemporary macroeconomic policy, providing an opportunity for researchers from diverse backgrounds to share their findings and experiences. This year’s conference was held under the theme of “Inflation Targeting and Central Bank Independence, Accountability and Transparency”.
