Sri Lanka's producer price inflation slowed to a five-month low of 3.1 percent year-on-year in March 2019 from a revised 4.7 percent in the previous month, as cost rose at a softer pace for both manufacturing (9.3 percent vs 11.9 percent in February) and utilities (3.6 percent vs 6.9 percent) while agriculture prices continued to fall (-8.3 percent vs -8.2 percent). On a monthly basis, producer prices surged 1.3 percent, following two consecutive months of decline. Producer Prices Change in Sri Lanka averaged 7.02 percent from 2015 until 2019, reaching an all time high of 20.30 percent in April of 2017 and a record low of -3.40 percent in January of 2016.
Producer Prices Change in Sri Lanka is expected to be 6.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Sri Lanka to stand at 5.00 in 12 months time. In the long-term, the Sri Lanka Producer Prices Change is projected to trend around 3.80 percent in 2020, according to our econometric models.