28 C
Colombo
Thursday, May 30, 2024

NCPI based headline inflation recorded at 66.7% on year-on-year basis in July 2022

- Advertisement -

Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) increased to 66.7% in July 2022 from 58.9% in June 2022. This increase in Yo-Y inflation was mainly driven by the monthly increases of both Food and Non-Food categories. Accordingly, Food inflation (Y-o-Y) increased to 82.5% in July 2022 from 75.8% in June 2022, while Non-Food inflation (Y-o-Y) increased to 52.4% in July 2022 from 43.6% in June 2022.

Monthly change of NCPI recorded at 5.57% in July 2022 due to price increases observed in items of both Food and Non-Food categories which were 2.42% and 3.15%, respectively. Accordingly, within the Food category, increases were observed in prices of milk powder, rice, fresh fish, biscuits, and chicken. However, prices of vegetables, coconut oil and coconut decreased during the month. Further, within the Non-Food category, increases were observed in prices of Transport (Bus fare, petrol and diesel), Furnishing, Household Equipment and Routine Household Maintenance (Washing soap), and Housing, Water, Electricity, Gas and Other Fuels (Materials for maintenance) sub-categories during the month.

Meanwhile, annual average inflation rose to 25.9% in July 2022 from 20.8% in June 2022.

The core inflation (Y-o-Y), which reflects the underlying inflation in the economy increased to 57.3% in July 2022 from 49.3% in June 2022, while annual average core inflation increased to 21.3% in July 2022 from 16.8% in June 2022.

RECENT ARTICLES

Chinese traveler from Colombo found infected with COVID-19 on arrival at Shanghai

0
A Chinese national who arrived from Sri Lanka has been infected with COVID-19, Shanghai (China) Health Commission said on Thursday morning.  According to Chinese media,...

Another 160 Omicron cases detected in Sri Lanka

0
Another 160 cases of Omicron COVID variant have been recorded in Sri Lanka, Dr. Chandima Jeewandara from University of Sri Jayewardenepura said. According to Dr....

PM visits Tirupati

0
Prime Minister Mahinda Rajapaksa has left for India on a 2-day pilgrimage to the temple city of Tirupati today (23). He was accorded a warm...

POPULAR ARTICLES

KDU Lecturer arrested over Making False Statements on Sri Lankan IS Suspects

0
Dr. Punsara Amarasinghe, a lecturer at the Kotelawala Defence University (KDU), has been arrested by the Criminal Investigation Department (CID). He has been taken into...

Sumanthiran Condemns Proposal to Postpone Elections (Video)

0
Ilankai Tamil Arasu Katchi (ITAK) MP M.A. Sumanthiran PC, strongly criticized the proposal put forward by UNP General Secretary Palitha Range Bandara to postpone...

Four Dead in Dambulla from Illicit Liquor

0
Police have launched an investigation following the death of four individuals after allegedly consuming illicit liquor in Vihara Junction, Dambulla. Villagers reported that two individuals...