Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) decreased to 1.3% in September 2023 from 4.0% in August 2023.
The decline in headline inflation is mostly in line with the projections envisaged by the Central Bank of Sri Lanka (CBSL) in July 2023.
The Food deflation (Y-o-Y) continued for the third consecutive month, recording 5.2% in September 2023 from 4.8% in August 2023. Meanwhile, the Non-Food inflation (Y-o-Y) decreased further to 4.7% in September 2023 from 8.7% in August 2023.
Monthly change of CCPI recorded at 0.88% in September 2023 due to the price increases of 0.18% observed in the items of Food category and 0.70% recorded in the items of Non-Food category.
The core inflation (Y-o-Y), which reflects the underlying inflation in the economy, decreased to 1.9% in September 2023 from 4.6% in August 2023.
