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Sri Lanka inflation declines again in September 2015

Continuing the deflations Sri Lanka has experienced since July 2015, inflation, as measured by the change in the Colombo Consumers' Price Index (CCPI) , declined marginally to -0.3 percent on an year-on-year basis in September 2015, from -0.2 percent recorded in August 2015, the Central Bank reported on Wednesday.Annual average inflation declined to 0.7 per cent in September 2015 from 1.0 percent in August 2015 and CCPI decreased by 0.3 percent from August to September 2015.The absolute CCPI computed by the Department of Census and Statistics decreased marginally by 0.27 percent from 181.9 in August to 181.4 in September 2015.The monthly decrease in CCPI was mainly due to the decline in prices of items in the Food category. Year-on-year inflation of Food Group has decreased from 2.2 percent in August 2015 to 2.0 percent in September 2015.

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