Sri Lanka Inflation Rate

Last Release

Oct 31, 2024

Actual

-0.8

Units In

-0.5

Frequency

Monthly

Next Release

Nov 29, 2024

Time to Release

28 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
69.8 Sep 2022	-0.9 Mar 1995	10.17 %	1986-2024	Central Bank of Sri Lanka

In Sri Lanka, the Consumer Price Index (CPI) is composed of two main groups: Food items (41 percent) and Non-food items (59 percent). Food items are mainly composed of: bread and cereals (7.9 percent), fish and sea food (6 percent) and vegetables (5.7 percent). The most important non-food items are housing water, electricity, gas and other fuels (23.7 percent), transport (12.3 percent), and restaurants and hotels (5.8 percent).

Latest Updates

Annual inflation rate in Sri Lanka’s capital Colombo fell to -0.8% in October 2024, extending last month's deflation of -0.5%, which marked the first deflationary period since March 1995. Prices fell for transport (-1.8% vs 0.8% in September 2024) and housing & utilities (-9.6% vs -8.4%), while it rebounded for food & non-alcoholic beverages (1% vs -0.3%) and clothing & footwear (1.1% vs 0.1%). On a monthly basis, consumer prices declined by 0.5%, after a 0.1% fall in September.