Cost of food in Sri Lanka decreased 2.80 percent in August of 2019 over the same month in the previous year. Food Inflation in Sri Lanka averaged 5.53 percent from 2009 until 2019, reaching an all time high of 14.40 percent in December of 2017 and a record low of -4.10 percent in February of 2012.
Food Inflation in Sri Lanka is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Sri Lanka to stand at 4.50 in 12 months time. In the long-term, the Sri Lanka Food Inflation is projected to trend around 6.90 percent in 2020, according to our econometric models.