Business Times

Inflation up in November 2009

Point to point inflation increased in November 2009 to 2.8% as anticipated, reflecting mainly the lower base in the corresponding month of 2008, according to a press release from the Central Bank (CB). The annual inflation rate as measured by the Colombo Consumer’s Price Index (CCPI) decelerated for the 13th consecutive month to 4.1% from 5.2% in October 2009.

Meanwhile, the CB stated that core inflation, which measures the price movement of non-food and non-energy items of the CCPI basket, stabilized at the previous month’s level of 5.1% on a point-to-point basis, while continuing its decreasing trend on an annual average basis for the sixth successive month.

According to the CB, the CCPI increased marginally by 0.8% over the previous month due to the sub category of food and non-alcoholic beverages, primarily led by the price increases in vegetables, lime, onions, garlic and coconuts. However, price declines were registered for fish and seafood, eggs, fruit, dhal and sugar.

 
Top to the page  |  E-mail  |  views[1]
 
Other Business Times Articles
Political parties, companies must declare funding
Softlogic to sell minor stake in new hospital
Lankan liquor firm to open insurance unit
Trinco to get $2.4 bln steel plant investment
Nation Lanka Finance wins support over rights
Comment - Dirty Harry strikes again
Hayleys PLC: Focusing on Corporate Responsibility
Why MBAs should not sign the Harvard Business School oath
Leisure, banking and manufacturing sectors to grow in 2010
F&G to restart as Island Finance Co.
Lankan consumers say children’s education tops priority list: Survey
Lankan growth rate to drop unless demographic impacts countered
Nestlé helping to develop dairy industry in the East
Kerala eyes Sri Lankan mineral sand for titanium projects
Serious loss of capital at Blue Diamonds Jewellery
100 more Cargills Food City outlets to be rolled out
Sri Lanka will be among the richest in Asia — Fowzie
Sri Lanka aims to make the best tuna in the world
Touchwood profits down
CFA Sri Lanka named official sponsor of the Global Investment Performance Standards
Cruising to Colombo
Top outsourcing firms to come to Sri Lanka
Reduction of broadband pricing will make it more popular amongst poor
Rice shortages expected next year, prices already heading up
Sri Lanka has oversized public service and huge cabinet of ministers
2010's WiMAX deployment will need new infrastructure
Zambia opens Honorary Consulate in Colombo
Rajitha Kariyawasan replaces Ananda Hettiarachchy at Haycarb
Sri Lankan spices can help double per capita incomes in 5 years – PBJ
National ICT performance targets even higher over next two years
Inflation up in November 2009
ADB - 50% recent drop in global trade due to trade finance
Intel extends education offerings to SL govt.
Sri Lanka’s first aviation-related Sinhala magazine
Shell shocked by cylinder losses
Resistance to banking regulation from directors
Loss of capital at Kahawatte Plantations
Corporate stewardship and board room governance
Sampath Bank named Best Corporate Citizen of Sri Lanka
Slimmer desktop computers to go on sale in January
Foreign investment discussion at Sunday Times Biz Club
Milcris, a Sri Lankan firm riding high in Muscat

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2009 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution