CNA – Sri Lanka’s National Consumer Price Index (NCPI) inflation eased to 33.6 per cent year-on-year (y-o-y) in April, after a 49.2 per cent rise in March, the statistics department said yesterday.
The NCPI captures broader retail price inflation and is released with a lag of 21 days every month.
Food prices eased sharply to 27.1 per cent in April from 42.3 per cent in March, while non-food inflation was at 39 per cent, the Department of Census and Statistics said in a statement.
The data comes as an International Monetary Fund team is in Colombo to evaluate Sri Lanka’s economy for the first time since the global lender approved a nearly USD3 billion bailout in March for Sri Lanka, grappling with its worst financial crisis in seven decades because of economic mismanagement and the impact of the COVID-19 pandemic.
The Colombo Consumer Price Index, released at the end of each month, dropped to 35.3 per cent in April from 50.3 per cent in March, data from the statistics department showed.