Inflation declines to 3.3% in July

Inflation declines to 3.3% in July

(FASTNEWS|COLOMBO) -The Department of Census and Statistics says inflation, as measured by the change in the Colombo Consumers’ Price Index deflated to 3.3 percent in July 2019 from 3.8 percent in June 2019.

The Index for all items declined marginally in July to 130.0 from 130.2 in June 2019.

A decrease in the index point by 0.18 percent was due to the expenditure value decrease of Food items by -0.22 percent and increase of Non Food items by 0.03 percent.

The Department said for the month of July 2019, on year to year basis, contribution to inflation by food commodities was -0.79 percent.