Sri Lanka inflation rises further in April

Apr 29, Colombo: Sri Lanka’s inflation as measured by consumer prices in Colombo rose for the month of April, the figures released today by the Statistics Department of the Central Bank showed.

The inflation increased to 9.8 percent in April from 8.6 percent in March while the Colombo Consumer Price Index increased marginally by 0.1 percent to 233.4 points from 233.2 points in March 2011.

The annual average inflation increased to 6.6 percent in April from 6.2 percent in March, mostly as a result of rising global fuel prices, according to the Central Bank.

Central Bank Governor Ajith Nivard Cabraal, has earlier expressed concern over the rising oil prices as worrisome and correctly pointed out that the challenge would be to maintain inflation at around mid-single digit levels in the short and medium term.

He said the Bank will continue to monitor monetary and economic developments closely and respond appropriately to the inflationary pressures.

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