Sri Lanka’s inflation drops further to -4.0% in January 2025
Posted by Editor on February 21, 2025 - 6:37 pm
(Photo by Christoph Theisinger on Unsplash)
The overall inflation rate, as measured by the National Consumer Price Index (NCPI) on a year-on-year (Y-o-Y) basis, declined to -4.0% in January 2025, compared to -2.0% in December 2024, according to the latest data released by the Department of Census and Statistics.
Food inflation also saw a decline, reaching -2.5% in January 2025, compared to -1.0% in December 2024.
The NCPI for all items in January 2025 stood at 206.4, reflecting an increase of 1.8 index points (0.88%) compared to December 2024, when the index was 204.6. This increase corresponds to a rise of Rs. 913.08 in the market basket’s expenditure value.
The report further states that:
- The year-on-year inflation for the food group declined to -2.5% in January 2025, down from -1.0% in December 2024.
- The year-on-year inflation for the non-food group decreased to -5.2% in January 2025, compared to -2.9% in December 2024.
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