Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI) increased to 9.9 percent in November 2021, the Central Bank of Sri Lanka (CBSL) said.
Issuing a statement, the bank said the increase was in comparison to the 7.6 per cent that was reported in October 2021.
The 12-month inflation is the highest recorded since January 2009.
The Central Bank further said that, meanwhile, the CCPI measured on an annual average basis, increased to 5.3 per cent in November 2021 from 4.8 per cent in October 2021.
Inflation was driven by monthly increases in the prices of items in both the Food and Non-food categories.
Subsequently, Food inflation (Y-o-Y) increased to 17.5 per cent in November 2021 from 12.8 per cent in October 2021, while Non-food inflation (Y-o-Y) increased to 6.4 per cent in November 2021 from 5.4 per cent in October 2021.
Chief Operations Officer of Advocata Institute Dhananath Fernando had posted the following tweet summarising Sri Lanka’s inflation situation. (NewsWire)
