Nationwide inflation remains unchanged at 6.1%

By Mario Andree | Published: 2:10 AM Jul 24 2021

By Mario Andree 

Nationwide inflation remained unchanged for the second consecutive month this year, as Sri Lanka reported 6.1 per cent in June with non-food inflation’s increase countered by the reduction in food inflation. According to the Department of Census and Statistics, year-on-year food inflation slowed down to 9.8 percent from 10.3 percent a month earlier, while non-food inflation rose to 2.9 percent from 2.5 percent. 

The 12-month moving average inflation too remained unchanged for the second consecutive month with the index reporting 5.4 per cent in June. Food inflation during the month slowed down to 9.7 percent from 10 percent a month earlier, while nonfood inflation rose to 1.9 percent from 1.7 percent. 

The National Consumer Price Index expanded to 145.7 index points in June from 143.6 index points in May, which represents a decrease in expenditure value of Rs 668.01 in the ‘Market Basket’ On a year-on-year basis, the contribution of food commodities to inflation was 4.53 percent in June 2021 compared to that of June 2020, while the contribution from non-food items was 1.56 percent. 

The contribution from non-food items came from value increases in groups of ‘Transport’ (0.65%), ‘Alcoholic beverages, Tobacco and Narcotics’ (0.19%), ‘Health’ (0.15%), ‘Restaurant and Hotels’ (0.16%), ‘Furnishing, Household equipment and Routine household maintenance’ (0.13%), ‘Clothing and Footwear’ (0.11%), ‘Housing, Water, Electricity, Gas and Other fuels’ (0.09%) ‘Miscellaneous goods and services’ (0.07%), and ‘Recreation and Culture’ (0.01%). Further, a very slight price increase was reported in the ‘Education’ group. Meanwhile, the group of ‘Communication’ remained unchanged during the period.

By Mario Andree | Published: 2:10 AM Jul 24 2021

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