The easing of deflationary conditions continued in May 2025, in line with the Central Bank’s near-term projections. Accordingly, the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) reflected a slower pace of headline deflation at 0.7% in May 2025 compared to the deflation of 2.0% recorded in April 2025