Sri Lanka Inflation rises in December

Dec 30, Colombo: Sri Lanka’s inflation as measured by consumer prices in Colombo rose marginally in December, figures released Friday by the Statistics Department of the Central Bank showed.

According to the new consumer price index the inflation as measured by year-on-year percent change increased to 4.9 percent in December 2011 from 4.7 percent in November while the Colombo Consumer Price Index (CCPI) increased by 1.4 percent to 154.4 points in November from 152.6 points in the previous month.

The annual average inflation decreased marginally to 6.7 percent in December from 6.9 percent recorded in the previous month.

The rise is attributed mainly to the increase in food prices during the holiday season while prices on non-food items remained unchanged.

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