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. source: Central Bank of Sri Lanka

Inflation Rate in Sri Lanka averaged 9.25 percent from 1986 until 2022, reaching an all time high of 39.10 percent in May 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 June of 2022.

Inflation Rate in Sri Lanka is expected to be 47.30 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 6.00 percent in 2023, according to our econometric models.

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Sri Lanka Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 09:30 AM Apr 29.8% 18.7% 21.6%
2022-05-31 09:30 AM May 39.1% 29.8% 32%
2022-06-30 09:30 AM Jun 39.1% 46%


Related Last Previous Unit Reference
Inflation Rate 39.10 29.80 percent May 2022
Consumer Price Index CPI 195.20 180.20 points May 2022
Core Consumer Prices 197.90 182.30 points May 2022
Core Inflation Rate 22.00 13.00 percent Apr 2022
GDP Deflator 170.11 151.90 points Dec 2021
Export Prices 201.50 186.49 points Mar 2022
Import Prices 232.61 185.61 points Mar 2022
Inflation Rate Mom 8.30 9.30 percent May 2022
CPI Transportation 233.60 205.20 points May 2022
CPI Housing Utilities 134.30 127.70 points May 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
39.10 29.80 39.10 -0.90 1986 - 2022 percent Monthly
2013=100

News Stream
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
Sri Lanka Inflation Rate at Over 13-Year High
Sri Lanka’s annual inflation climbed to 15.1 percent in February of 2022 from 14.2 percent in the previous month. It was the highest inflation rate since November of 2008 and the third consecutive double digit growth in consumer prices as prices continued to rise both for food (25.7 percent vs 25 percent in January) and non-food products (10.1 percent vs 9.2 percent ). On a monthly basis, consumer prices went up by 1.1 percent, slowing from a 2.4 percent rise in January.
2022-02-28
Sri Lanka Inflation Rate Remains at 13-Year High
Sri Lanka’s annual inflation climbed to 14.2 percent in January of 2022 from 12.1 percent in the previous month. It was the highest inflation rate since November of 2008 and the second consecutive double digit growth in consumer prices as prices skyrocketed for food products (25 percent vs 22.1 percent in December) and surged for non-food products (9.2 percent vs 7.5 percent). On a monthly basis, consumer prices went up 2.4 percent, slowing from a 2.7 percent rise in December.
2022-01-31