Business Times

Price of food up this month

Year on year inflation increased to 6.5% this month from 4.8% in December mainly due to the overall increase in food which went up by 4% in January. According to the Department of Census and Statistics, Sri Lanka’s 12 month moving average inflation measured by the Colombo Consumer Price Index (CCPI) was in the one digit figure at 3.1% in January 2010.

The press release stated that the combined effects of both domestically produced food and imported food commodities contributed to the increase in the food sub-index with rice, vegetables, coconuts and coconut oil increased on a year to year basis.

Under the non-food category, the prices of petrol and gas (Shell) both came down by 4% although the price of kerosene, diesel and gas (Laugfs) increased by 2%, 4% and 1% respectively. The press release added that general price levels increased in January 2010 compared to the prices in previous months, continuing to increase for the sixth consecutive month with the exception of August 2009.

The CCPI for all items for January 2010 was 216.4, an increase of 1.4% from the December 2009 index which was 213.5. This increase represents an expenditure value of Rs.535.47 in the ‘Market Basket.’

 
Top to the page  |  E-mail  |  views[1]
 
Other Business Times Articles
Top team needed to lift Sri Lanka’s economy
World- famous McCurry may come to Sri Lanka
ODEL expands, looks at new investors
Hemas hotels prepare for rejuvenation
Templeton ‘hold’ won’t affect foreign fund flows
Double Decker bus tours hit Colombo
Comment - All over bar the shouting
Economic development -- In search of consensus
JKH expanding leisure sector
SMEs to get training package from EFC
Ceylinco Life rewards 155 children with Pranama Scholarships
District Chambers of Commerce to set up financial institution
Janashakthi joins national fight against H1N1 virus
Cathay rewards winners of online promotion
Emirates, Visa team up to offer free tourist visas during Dubai Shopping Festival
Film-making ever evolving and challenging – young advertsing industry specialist
Supply chains: Plan for the future from fork to farm
Many considered him as their ‘working guru’
Price of food up this month
Sri Lanka export-promotion delegation to visit Croatia
SLIIT to offer Business degree
Swedish tourists set to storm Sri Lanka
DANKOTUWA features in new Twinings UK ad
Vallibel Finance maintains profitability
Dialog wins leadership award in Mobile Services Market
Hayleys MGT reports profit of US$ 1.9 mln. at end of 3Q
More graduate chemists pass out this year
Fitch affirms Sri Lanka's People's Leasing Finance at 'BBB-(lka)'
Spence Maritime chairman to attend Harvard Business School
Welcome to Sri Lanka’s bird-friendly hotel
Combating Corporate Corruption – The boardroom battle
Sri Lanka Tourism and CNN Collaborate on Global Campaign

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2010 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution