A Brief Colonial History Of Ceylon(SriLanka)
Sri Lanka: One Island Two Nations
A Brief Colonial History Of Ceylon(SriLanka)
Sri Lanka: One Island Two Nations
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Thiranjala Weerasinghe sj.- One Island Two Nations
?????????????????????????????????????????????????Saturday, June 23, 2018
Inflation in May 2018 increased to 2.1%
June, 22, 2018
Headline Inflation, as measured by
the change in the National Consumer Price Index (NCPI, 2013=100), which
is compiled by the Department of Census and Statistics (DCS), increased
to 2.1 per cent in May 2018 from 1.6 per cent in April 2018, on
year-on-year basis. The increase in the year-on-year inflation in May
2018 was mainly driven by upward price revisions to the items in the
Non-food category. The change in the NCPI measured on an annual average
basis decreased from 6.1 per cent in April 2018 to 5.7 per cent in May
2018.
When monthly change is considered,
the NCPI increased from 122.9 index points in April 2018 to 124.3 index
points in May 2018 largely due to the increase in prices of the items
in the Non-food category, particularly that of Transport (upward fuel
price revision); Housing Water Electricity Gas and Other Fuels (Kerosene
Oil, LP Gas); and Health sub-categories. Meanwhile, price increases
were observed in the items in the Food category such as vegetables,
fresh fish, big onions, limes and potatoes owing to seasonal factors.
The NCPI Core inflation, which
reflects the underlying inflation in the economy, decreased to 1.7 per
cent in May 2018 from 1.9 per cent in April 2018 on year-on-year basis.
Meanwhile, annual average NCPI Core inflation declined to 3.1 per cent
in May 2018 from 3.3 per cent in April 2018.