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April inflation up owing to increase in food prices

Posted by author 1 year ago on May 1st, 2012 9:25 AM and filed under Economic Outlook, Economy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

April inflation jump mainly caused by increase in Food prices

Sri Lanka’s Central Bank says, the increase in April inflation to 6.1% from previous months 5.5% was mainly caused by the price increases in the food category which has risen by 1% during the month.

According to the Bank, the prices of most varieties of vegetables and fresh fish, potato, big onion, eggs, dried fish, dhal and sugar has increased due to seasonal demand.

Further, prices also have gone up in the sub categories of Furnishing, household equipment and routine household maintenance by 1.5%; Recreation and culture by 1%; Transport by 0.5%, miscellaneous goods and services by 0.4%; Clothing and footwear by 0.1% over the previous month.

Housing, water, electricity, gas and other fuels also has gone up by 0.1%.

Meanwhile, the prices in the sub category of Health, Communication and Education have remained unchanged during the month.

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