Annual inflation rate in Sri Lanka increased to 5.0 percent in September of 2019 from 3.4 percent in the previous month. It was the highest rate in four months, as food & non-alcoholic beverages prices rebounded (3.0 percent vs -2.8 percent in August). On the other hand, non-food cost increased at a softer pace (5.7 percent vs 6.2 percent), particularly transport (4.4 percent vs 6.9 percent) and restaurants & hotels (3.4 percent vs 4.8 percent) while inflation was steady for housing & utilities (at 3.9 percent). On a monthly basis, consumer prices edged rose 0.8 percent, following a 0.1 percent increase in the prior month. Inflation Rate in Sri Lanka averaged 9.35 percent from 1986 until 2019, reaching an all time high of 28.30 percent in June of 2008 and a record low of -0.90 percent in March of 1995.
Inflation Rate in Sri Lanka is expected to be 4.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Sri Lanka to stand at 4.60 in 12 months time. In the long-term, the Sri Lanka Inflation Rate is projected to trend around 6.00 percent in 2020, according to our econometric models.