June 30, Colombo: Sri Lanka’s inflation as measured by consumer prices in Colombo declined for the month of June, figures released by the Statistics Department of the Central Bank Thursday showed.
According to a new consumer price index the inflation as measured by year-on-year percent change declined to 7.1 percent in June 2011 from 8.2 percent in May while the Colombo Consumer Price Index decreased marginally by 0.2 percent to 151.2 points in June from 151.5 points in the previous month.
The annual average inflation however, increased marginally to 6.7 percent in June from 6.6 percent in the previous month, as a result of the price increases.
The Department of Census and Statistics introduced the new Colombo Consumers’ Price Index (CCPI) with the two year average (2006/07) as a base period computed on the basis of Household Income and Expenditure Survey 2006/07. The previous CCPI with 2002 as base year ceased to operate at the end of May, 2011.