Advocata’s Bath Curry Indicator (BCI), which tracks the monthly changes in the retail price of a select basket of food items, recorded a decrease of 1.5% from January 2022 to February 2022.
The overall decrease was driven by the falling prices of beans (40%), green chillies (15%) and brinjals (13%). However, prices on average have been increasing, with the year on year prices increasing by 15%.
The BCI is based on data released by the Central Bank, taken from the “Weekly Economic Indicators” published by the Statistics department of the Central Bank of Sri Lanka. From this month, the Bath Curry Indicator accessed on bci.advocata.org is now updated to track retail prices from a large scale supermarket chain. This gives an approximate indication of how prices have behaved for consumers who rely on supermarkets for their weekly groceries. Advocata said in a media release.
Comparing supermarket data, for an average family of four to purchase the basket of 10 products in 2020 December would have been Rs.1,546. However, in 2021 December, it cost Rs. 2,094, a 36% increase in one year. The BCI from the same period from Central Bank data showed a 37% increase.
The United States has told Sri Lanka that the disposition of the Iranian naval vessel IRIS Bushehr and its crew is a matter for Colombo to resolve under its own laws and international obligations, while signalling it is in active talks with Sri Lanka to contain Iran’s threat to US interests.
The government today granted permission for an Iranian warship with 208 on board to enter the country.
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