The inflation rate increases within a month
Oct 22, 2016
The Department of Census and Statistics says the year on year inflation based on the National Consumer Price Index for the month of September 2016 has been calculated as 4.7%.
In a communiqué issued on the Index Director General of the Department Dr. Amara Satharasinghe states that although inflation in August 2016 was 4.5% and in September the contribution to the inflation from food groups and non-food groups was 2.1% and 2.7% respectively. and The Department released the NCPI for the month of September 2016 that was calculated at 113.5 which shows an increase of 0.2 index points compared to the previous month’s index.
The increased price of the food such as banana, papaya, lime, onions, rice, coconut, mango, chicken, lentils Mysore, pineapple, peas and dried sprats has mainly affected. However, some of the vegetables, green chilies, eggs, potatoes, fresh fish and wheat flour prices have dropped down . accordingly, The expenditure value of the food commodity group has increased by 0.07 percent in September 2016 compared to August 2016.
This monthly change is due to the increase of expenditure value of food items and an increase of expenditure value of non-food items.
The increased price of the alcoholic beverages, tobacco and drugs, education, clothing and footwear, the various categories of goods and services and hotels and restaurants segment also has mainly affected on the inflation rate .
The increased price of the food such as banana, papaya, lime, onions, rice, coconut, mango, chicken, lentils Mysore, pineapple, peas and dried sprats has mainly affected. However, some of the vegetables, green chilies, eggs, potatoes, fresh fish and wheat flour prices have dropped down . accordingly, The expenditure value of the food commodity group has increased by 0.07 percent in September 2016 compared to August 2016.
This monthly change is due to the increase of expenditure value of food items and an increase of expenditure value of non-food items.
The increased price of the alcoholic beverages, tobacco and drugs, education, clothing and footwear, the various categories of goods and services and hotels and restaurants segment also has mainly affected on the inflation rate .
