Inflation increased to 14.2% in January

Sri Lanka’s inflation increased to 14.2% in January 2022 from 12.1% in December 2021.

Sri Lanka’s consumer price inflation hit a record high of double digit 14.2 percent in January month under the Colombo Consumer Price Index (CCPI).

Monthly change of CCPI recorded at 2.43 per cent in January 2022 due to price increases observed in items of both Food and Non-food categories which were 1.15 per cent and 1.28 per cent, respectively. Accordingly, within the Food category, prominent increases were observed in prices of rice, fresh fruit, milk powder, and bread. Further, prices of items in the Non-Food category recorded increases mainly due to price increases observed in the Transport (Petrol, Diesel, Bus fare), Housing, Water, Electricity, Gas and other fuel (Housing Rent, Maintenance/Reconstruction), Education (Course fees for higher education and vocational training), and Restaurant and Hotels subcategories during the month.

After 2015 January month, inflation rate in Sri Lanka has reached the highest percentage this January. The Colombo Consumer Price Index, (CCPI) which measures inflation increased by 14.2 per cent (year-on-year) in January 2022.