Inflation rate in Sri Lanka went up to 3.3 percent year-on-year in November 2018, from an upwardly revised 3.2 percent in the previous month. Prices advanced faster for furnishing equipment (3.9 percent from 3.6 percent in October) and health (12.2 percent from 8.9 percent); and declined less for food & non-alcoholic beverages (-1.0 percent from -2.3 percent). Meantime, inflation was steady for housing & utilities (at 1.4 percent, the same as in the prior month) and clothing & footwear (at 7.2 percent); while cost slowed for transport (14.3 percent from 14.9 percent) and restaurants & hotels (7.2 percent from 11.3 percent). On a monthly basis, consumer prices increased 1.3 percent, following a 0.2 drop in October. Inflation Rate in Sri Lanka averaged 9.49 percent from 1986 until 2018, 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 4.10 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 4.70 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.