Headline inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100)1 declined to 5.4 per cent in March 2020 from 6.2 per cent in February 2020. This was due to the decline in the prices of items in the Food category. Accordingly, Food inflation (Y-o-Y) declined to 12.8 per cent in March 2020 from 14.7 per cent in February 2020, while Non-food inflation (Y-o-Y) recorded at 2.5 per cent in March 2020.
Published Date:
Tuesday, March 31, 2020