Inflation in Colombo rises to 6.2 percent for the month of February

Sri Lanka’s inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI) increased to 6.2 percent in February 2020 from 5.7 percent in January 2020, the Central Bank Statistics Department reported Friday.

The CCPI for all items remained unchanged at 134.6 in February 2020 from the previous month.

The increase in inflation was solely due to the statistical effect of the low base prevailed in February 2019, the Central Bank said in a statement.

Food inflation (Y-o-Y) stood at 14.7 percent in February 2020, while Non-food inflation (Y-o-Y) recorded at 2.8 percent.

The core inflation, which reflects the underlying inflation in the economy, increased to 3.2 percent in February 2020 from 3.0 percent in January 2020 on year-on-year basis.

However, annual average core inflation decreased to 5.1 percent in February 2020 from 5.3 percent in January 2020.