Inflation Rate in Sri Lanka increased to 1.70 percent in June from 0.90 percent in May of 2024. Inflation Rate in Sri Lanka averaged 10.23 percent from 1986 until 2024, reaching an all time high of 67.40 percent in September of 2022 and a record low of -0.90 percent in March of 1995. source: Department of Census and Statistics - Sri Lanka

Inflation Rate in Sri Lanka is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Inflation Rate is projected to trend around 9.00 percent in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-05-31 09:30 AM
Inflation Rate YoY
May 0.9% 1.5% 2.0%
2024-06-28 09:30 AM
Inflation Rate YoY
Jun 1.7% 0.9% 3.4%
2024-07-31 09:50 AM
Inflation Rate YoY
Jul 1.7%


Related Last Previous Unit Reference
Consumer Price Index CPI 194.10 195.20 points May 2024
Core Consumer Prices 193.60 193.90 points May 2024
Core Inflation Rate 3.50 3.40 percent May 2024
CPI Housing Utilities 145.60 146.50 points May 2024
CPI Transportation 239.40 240.30 points May 2024
Export Prices 219.46 246.95 points Mar 2024
Food Inflation 0.00 2.90 percent May 2024
GDP Deflator 200.93 134.27 points Dec 2022
Import Prices 239.40 260.12 points Apr 2024
Inflation Rate YoY 1.70 0.90 percent Jun 2024
Inflation Rate MoM -0.60 -0.80 percent May 2024
Producer Prices 242.70 246.70 points Apr 2024
PPI YoY -1.20 -0.30 percent Apr 2024

Sri Lanka Inflation Rate
In Sri Lanka, the Consumer Price Index (CPI) is composed of two main groups: Food Items (41%) and Non-food Items (59%). Food items are mainly composed of: Bread & Cereals (8%), Fish & Sea food (6%) and Vegetables (6%). The most important Non-Food Items are: Housing, Water, Electricity, Gas & Other Fuels (24%), Transport (12%), and Restaurants & Hotels (6%).
Actual Previous Highest Lowest Dates Unit Frequency
1.70 0.90 67.40 -0.90 1986 - 2024 percent Monthly
2021=100


News Stream
Sri Lanka Inflation Rate Eases in May
Annual inflation rate in Sri Lanka’s capital Colombo eased to 0.9% in May 2024, from a 1.5% increase in the previous month. The slowdown was mainly driven by prices remaining unchanged for food & non-alcoholic beverages (0% vs 2.9% in April 2024) and easing slightly for alcoholic beverages & tobacco (32.3% vs 33.1%). In contrast, prices accelerated for clothing & footwear (1.5% vs 0.8%) and transport (6.4% vs 5%) while deflating slightly less for housing & utilities (-6.1% vs -6.2%). On a monthly basis, consumer prices deflated by 0.6%, after a 0.8% deflation in April.
2024-05-31
Sri Lanka Inflation Rate Edges up in April
Annual inflation rate in Sri Lanka’s capital Colombo edged up to 1.5% in April 2024, from 0.9% in the previous month. The increase was mainly driven by a rebound in prices of transportation (5% vs -2% in March 2024), and higher inflation for alcoholic beverages & tobacco (33.1% vs 30.5%) and restaurants & hotels (3.3% vs 2%). On the other hand, prices deflated at a faster pace for housing & utilities (-6.2% vs -4.7%) after a 22% reduction in power tariffs for households and slowed down for food & non-alcoholic beverages (2.9% vs 3.8%). On a monthly basis, consumer prices deflated by 0.8%, after a 1.9% deflation in March.
2024-04-30
Sri Lanka Inflation Rate Lowest in Almost 15 Years
Annual inflation rate in Sri Lanka’s capital Colombo eased to 0.9% in March 2024, the lowest since June 2009, from 5.9% in the previous month. The slowdown is mainly due to a deflation in non-food items (-0.5% vs 7% in February 2024), with housing & utilities, namely electricity bills having the largest downward contribution, after a 22% reduction in power tariffs for households. On the other hand, food prices accelerated (3.8% vs 3.5%), with vegetables making the largest upward contribution. On a monthly basis, consumer prices deflated further by 1.94%, after a flat reading in February.
2024-03-28