YOY inflation increases to 39.1% in May

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Sri Lanka’s inflation rose to 39.1 % in May, data from the statistics Office showed.

The Colombo Consumer Price Index (CCPI) in May 2022 increased to 195.2 from 180.2 in April 2022 on a monthly basis. Year on Year inflation increased to 39.1% from 29.8% on monthly basis.

 Month on Month change contributed by 3.47% from food and 4.87% from non-food.

 Core Inflation increased to 28.4% in May 2022 from 22.0% in April 2022. The general price level has increased by 95.2% compared to the base year (2013).

(IG)