AIRLINK 180.01 Increased By ▲ 6.22 (3.58%)
BOP 11.15 Decreased By ▼ -0.21 (-1.85%)
CNERGY 8.50 Decreased By ▼ -0.14 (-1.62%)
CPHL 99.99 Decreased By ▼ -1.65 (-1.62%)
FCCL 45.99 Decreased By ▼ -0.95 (-2.02%)
FFL 15.80 Increased By ▲ 0.41 (2.66%)
FLYNG 27.90 Increased By ▲ 0.11 (0.4%)
HUBC 142.49 Decreased By ▼ -1.26 (-0.88%)
HUMNL 13.01 Increased By ▲ 0.02 (0.15%)
KEL 4.51 Decreased By ▼ -0.01 (-0.22%)
KOSM 5.81 Increased By ▲ 0.05 (0.87%)
MLCF 61.61 Decreased By ▼ -0.72 (-1.16%)
OGDC 213.99 Increased By ▲ 1.97 (0.93%)
PACE 5.91 Increased By ▲ 0.44 (8.04%)
PAEL 46.80 Decreased By ▼ -0.27 (-0.57%)
PIAHCLA 17.85 Decreased By ▼ -0.23 (-1.27%)
PIBTL 10.63 Decreased By ▼ -0.23 (-2.12%)
POWER 12.25 Decreased By ▼ -0.01 (-0.08%)
PPL 172.35 Increased By ▲ 1.07 (0.62%)
PRL 36.04 Increased By ▲ 0.16 (0.45%)
PTC 23.21 Decreased By ▼ -0.15 (-0.64%)
SEARL 96.30 Decreased By ▼ -0.66 (-0.68%)
SSGC 41.29 Decreased By ▼ -0.42 (-1.01%)
SYM 14.42 Increased By ▲ 0.27 (1.91%)
TELE 7.36 Increased By ▲ 0.26 (3.66%)
TPLP 10.10 Increased By ▲ 0.14 (1.41%)
TRG 67.70 Increased By ▲ 3.81 (5.96%)
WAVESAPP 9.99 Decreased By ▼ -0.03 (-0.3%)
WTL 1.34 Increased By ▲ 0.01 (0.75%)
YOUW 3.80 Increased By ▲ 0.08 (2.15%)
BR100 12,490 Increased By 43.1 (0.35%)
BR30 38,025 Increased By 105.4 (0.28%)
KSE100 116,741 Increased By 350.5 (0.3%)
KSE30 35,827 Increased By 130.6 (0.37%)

COLOMBO: Sri Lanka’s consumer price inflation eased to minus 0.2% year-on-year in September from an increase of 1.1% in August, official data showed on Monday, as the crisis-hit island nation’s economic rebound continued.

The National Consumer Price Index captures broad retail price inflation and is released with a lag of 21 days every month. The change was largely driven by a slowing in food inflation to 0.5% in September from 2.3% in August, the Department of Census and Statistics said.

Non-food price inflation dropped to minus 0.7% in September from 0.2% the previous month.

Reductions in power tariffs and fuel prices as well as an appreciating rupee have helped reduce inflation to the lowest point in nine years, analysts said.

Sri Lanka records first deflation in 29 years

“We are likely to see inflation close the year at about 1% before picking up gradually from the beginning of next year,” said Shehan Cooray, head of research at Acuity Stockbrokers.

Sri Lanka suffered record inflation after its worst financial crisis in decades pummelled the economy, which has stabilised since it secured a $2.9-billion bailout from the International Monetary Fund (IMF) in March 2023.

The World Bank doubled its forecast for Sri Lanka’s 2024 growth to 4.4% earlier this month.

Comments

200 characters