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.