Sri Lanka's inflation increases in May 2013

Sri Lanka's inflation increases in May 2013

Inflation Rises

Sri Lanka’s inflation during the last month of May (2013) has increased to 7.3-pct during the month of May, an increase compared to 6.4-pct in the previous month states Central Bank.

According to the Central Bank core inflation on a YoY basis decreased to 5.7 per cent in May 2013 from 6.1 per cent in the previous month while it increased marginally on an annual average basis to 6.6 per cent in May 2013 from 6.5 per cent in April 2013.

The price of most varieties of vegetables, fresh fish, chicken, red onions, limes and milk powder increased during the month. However, a decrease in the prices of some varieties of fruits, eggs, big onions and sugar was reported.