The annual inflation rate in Sri Lanka jumped to a record high of 60.8% in July of 2022, as a political crisis, state of emergency, and weak currency added further pressure on prices. Biggest upward contribution came from food cost which jumped at an all-time high of 90.9%, namely food commodities (29.5%). Prices of non-food items increased 46.5%, led by transport, restaurants and hotels, and housing and utilities. Compared to the previous month the CPI in Colombo jumped 4.5%. source: Central Bank of Sri Lanka

Inflation Rate in Sri Lanka averaged 9.47 percent from 1986 until 2022, reaching an all time high of 60.80 percent in July of 2022 and a record low of -0.90 percent in March of 1995. This page provides - Sri Lanka Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Inflation Rate in Sri Lanka is expected to be 49.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Inflation Rate is projected to trend around 25.00 percent in 2023 and 15.00 percent in 2024, according to our econometric models.

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Sri Lanka Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-06-30 09:30 AM Jun 54.6% 39.1% 46%
2022-07-29 09:30 AM Jul 60.8% 54.6%
2022-09-01 09:30 AM Aug 60.8%


Related Last Previous Unit Reference
Inflation Rate 60.80 54.60 percent Jul 2022
Consumer Price Index CPI 230.10 220.20 points Jul 2022
Core Inflation Rate 39.90 28.40 percent Jun 2022
Core Consumer Prices 215.90 197.90 points Jun 2022
GDP Deflator 170.11 151.90 points Dec 2021
Export Prices 280.79 235.21 points May 2022
Import Prices 393.67 303.08 points May 2022
Inflation Rate Mom 4.50 12.80 percent Jul 2022
CPI Transportation 310.30 281.80 points Jul 2022
CPI Housing Utilities 138.70 137.10 points Jul 2022

Sri Lanka Inflation Rate
In Sri Lanka, the Consumer Price Index (CPI) is composed of two main groups: Food items (41 percent) and Non-food items (59 percent). Food items are mainly composed of: bread and cereals (7.9 percent), fish and sea food (6 percent) and vegetables (5.7 percent). The most important non-food items are housing water, electricity, gas and other fuels (23.7 percent), transport (12.3 percent), and restaurants and hotels (5.8 percent).
Actual Previous Highest Lowest Dates Unit Frequency
60.80 54.60 60.80 -0.90 1986 - 2022 percent Monthly
2013=100

News Stream
Food Prices Push Sri Lanka Inflation to Fresh Record
The annual inflation rate in Sri Lanka jumped to a record high of 60.8% in July of 2022, as a political crisis, state of emergency, and weak currency added further pressure on prices. Biggest upward contribution came from food cost which jumped at an all-time high of 90.9%, namely food commodities (29.5%). Prices of non-food items increased 46.5%, led by transport, restaurants and hotels, and housing and utilities. Compared to the previous month the CPI in Colombo jumped 4.5%.
2022-07-29
Sri Lanka Inflation Rate at Fresh High
Sri Lanka’s annual inflation jumped to an all-time high of 54.6 percent in June of 2022 from 29.8 percent in the previous month. It was the highest inflation rate ever recorded and the seventh consecutive double-digit growth in consumer prices amid a persistent shortage of food and fuel due to the country’s depleted foreign exchange reserves. Prices continued to climb further for both food (80.1 percent vs 57.4 percent in May); and non-food products (42.4 percent vs 30.6 percent), particularly transport (128 percent vs 91.5 percent). Sri Lanka restricted fuel supplies and urged residents to stay home until July 10th as the country could not source fuel even for cash, as suppliers insist on clearance of past dues. Meanwhile, the IMF confirmed a significant progress towards an aid program. However, the aid depends on Sri Lanka fulfilling the IMF conditions including taking steps to ensure debt sustainability and curtailing inflation.
2022-06-30
Sri Lanka Inflation Rate at Record High
Sri Lanka’s annual inflation climbed to an all-time high of 39.1 percent in May of 2022 from 29.8 percent in the previous month. It was the highest inflation rate recorded ever and the sixth consecutive double-digit growth in consumer prices as prices continued to climb further for both food (57.4 percent vs 46.6 percent in April); and non-food products (30.6 percent vs 22 percent). On a monthly basis, consumer prices went up by 8.3 percent, easing from a 9.3 percent rise in April.
2022-05-31