Producer prices in Sri Lanka increased 3.3 percent year-on-year in January of 2021, following an upwardly revised 3.8 percent rise in the previous month. It was the slowest producer inflation since November of 2019, as prices climbed at a softer pace in agriculture (4.8 percent vs 9.7 percent in December), mainly dragged by lower prices in egg production (-20.1 percent). On the other hand, charges went up at a faster pace in electricity & water supply (9.9 percent vs 8.0 percent), and in manufacturing (6.4 percent vs 4.9 percent), supported by manufacturing of furniture and other products (16.5 percent); manufacturing of wearing apparel, dressing, and dyeing of fur (16.3 percent); manufacturing of electrical machinery (14.2 percent); manufacturing of basic metals (13.0 percent); and manufacturing of rubber and plastics (9.7 percent). On a monthly basis, producer prices edged higher 0.7 percent, following an upwardly revised 1.6 percent increase in December. source: Department of Census and Statistics - Sri Lanka
Producer Prices Change in Sri Lanka averaged 6.19 percent from 2015 until 2021, 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. This page provides - Sri Lanka Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Producer Prices Change in Sri Lanka is expected to be 3.90 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 1.60 in 12 months time. In the long-term, the Sri Lanka Producer Prices Change is projected to trend around 3.00 percent in 2022, according to our econometric models.