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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka inflation at 2.8-pct in June: Statistics office

Sri Lanka inflation at 2.8-pct in June: Statistics office

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Jayashantha

Jayashantha
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Sri Lanka consumer prices rose 2.8 percent in the 12-months to June 2014 from a year earlier, slowing from 3.2 percent in May, the state statistics office said.

Prices during the month rose sharply by 1.1 percent, the highest monthly gain in the Colombo Consumer Price Index seen since June 2013 when the index gained 1.5 percent.

The index had gained 2.7 percent in the past six months, just under the 12-month figure.

The food and non-alcoholic beverage sub-index rose 3.1 percent in the 12-months to June and the non-food index was up 2.5 percent.

Sri Lanka's inflation which spiked to nearly 10 percent in 2012 after the currency depreciated sharply in the wake of money printing (a privately compiled independent index measured inflation around 20 percent at the time) has been subdued after credit slowed.

Treasury Secretary P B Jayasundera said Friday inflation would be 2.8 percent in June.

http://www.lankabusinessonline.com/news/sri-lanka-inflation-at-2.8-pct-in-june:-statistics-office/2036961147

NZ BOY

NZ BOY
Moderator
Moderator
@Jayashantha wrote: Sri Lanka consumer prices rose 2.8 percent in the 12-months to June 2014 from a year earlier, slowing from 3.2 percent in May, the state statistics office said.

Prices during the month rose sharply by 1.1 percent, the highest monthly gain in the Colombo Consumer Price Index seen since June 2013 when the index gained 1.5 percent.

The index had gained 2.7 percent in the past six months, just under the 12-month figure.

The food and non-alcoholic beverage sub-index rose 3.1 percent in the 12-months to June and the non-food index was up 2.5 percent.

Sri Lanka's inflation which spiked to nearly 10 percent in 2012 after the currency depreciated sharply in the wake of money printing (a privately compiled independent index measured inflation around 20 percent at the time) has been subdued after credit slowed.

Treasury Secretary P B Jayasundera said Friday inflation would be 2.8 percent in June.

http://www.lankabusinessonline.com/news/sri-lanka-inflation-at-2.8-pct-in-june:-statistics-office/2036961147


next month CSE BOOM BOOM

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Rather looking at concluded percentage of inflation figure, it is the right of the public to know how such a number is arrived...Is the population (needy segment) really & practically benefited out of this low inflation declared. It is the duty of unbiased learned group to educate the common people.

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Jayashantha wrote: Sri Lanka consumer prices rose 2.8 percent in the 12-months to June 2014 from a year earlier, slowing from 3.2 percent in May, the state statistics office said.

Treasury Secretary P B Jayasundera said Friday inflation would be 2.8 percent in June.

http://www.lankabusinessonline.com/news/sri-lanka-inflation-at-2.8-pct-in-june:-statistics-office/2036961147

This is good evidence that the miracle is very close.

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