Producer prices in Sri Lanka dropped 0.3 percent from a year earlier in July 2019, following a 0.2 percent decline in the previous month, as agriculture prices fell at a faster pace (-13.8 percent vs -12.8 percent). In addition, utilities inflation eased to 2.3 percent from 3.2 percent, while manufacturing costs rose 6.5 percent, faster than 6.3 percent in June. On a monthly basis, producer prices were 1.4 percent lower. Producer Prices Change in Sri Lanka averaged 6.63 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 -1.20 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 1.50 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.