Annual inflation rate in Sri Lanka’s capital Colombo edged up to 1.5% in April 2024, from 0.9% in the previous month. The increase was mainly driven by a rebound in prices of transportation (5% vs -2% in March 2024), and higher inflation for alcoholic beverages & tobacco (33.1% vs 30.5%) and restaurants & hotels (3.3% vs 2%). On the other hand, prices deflated at a faster pace for housing & utilities (-6.2% vs -4.7%) after a 22% reduction in power tariffs for households and slowed down for food & non-alcoholic beverages (2.9% vs 3.8%). On a monthly basis, consumer prices deflated by 0.8%, after a 1.9% deflation in March. source: Department of Census and Statistics - Sri Lanka
Inflation Rate in Sri Lanka increased to 1.50 percent in April from 0.90 percent in March of 2024. Inflation Rate in Sri Lanka averaged 10.27 percent from 1986 until 2024, reaching an all time high of 67.40 percent in September of 2022 and a record low of -0.90 percent in March of 1995. This page provides - Sri Lanka Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2024.
Inflation Rate in Sri Lanka increased to 1.50 percent in April from 0.90 percent in March of 2024. Inflation Rate in Sri Lanka is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Inflation Rate is projected to trend around 9.00 percent in 2025, according to our econometric models.