Inflation increases to 6.3% in June 2020

Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 6.3% in June 2020 from 5.2% in May 2020. This was mainly driven by the monthly increase in prices of items in the Food category. Accordingly, Food inflation (Y-o-Y) increased to 13.6% in June 2020 from 11.1% in May 2020, while Non-food inflation (Y-o-Y) remained unchanged at 0.8% in June 2020. The change in the NCPI measured on an annual average basis increased to 5.6% in June 2020 from 5.2% in May 2020. Monthly change of NCPI recorded at 1.4% in June 2020 mainly due to increases observed in prices of items in the Food category. Accordingly, within the Food category, prices of seven food items including vegetables, sugar, fresh fish, eggs and rice increased significantly during the month. Further, core inflation (Y-o-Y) increased to 4.4% in June 2020 from 3.7% in May 2020, while annual average core inflation decreased to 4.6%  in June 2020 from 4.8%  in May 2020.

The post Inflation increases to 6.3% in June 2020 appeared first on Adaderana Biz English | Sri Lanka Business News.



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