Consumer prices in Sri Lanka jumped 12.1 percent year-on-year in December of 2021, accelerating from a 9.9 percent rise in the previous month. It was the highest inflation rate since December of 2008 due to a record 22.1 percent rise in price of food products compared to a 17.5 percent rise in November. The cash-strapped economy is struggling to finance urgent imports to tackle an acute shortage of essentials in the country leading to rationing of food by supermarkets for quite a few months now. Also, food shortages worsened as the government imposed a broad ban on imports, including agrochemical products amid pandemic to shore up foreign exchange reserves. At the same time, additional upward pressure also came from non-food products (7.5 percent vs 6.4 percent in November). On a monthly basis, consumer prices advanced 2.7 percent, following a 2.6 percent increase in November. source: Central Bank of Sri Lanka

Inflation Rate in Sri Lanka averaged 9.09 percent from 1986 until 2021, reaching an all time high of 28.30 percent in June of 2008 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 January of 2022.

Inflation Rate in Sri Lanka is expected to be 12.00 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 6.50 percent in 2022 and 6.00 percent in 2023, according to our econometric models.

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Sri Lanka Inflation Rate


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
12.10 9.90 28.30 -0.90 1986 - 2021 percent Monthly
2013=100

Calendar GMT Actual Previous Consensus TEForecast
2021-11-30 10:00 AM Nov 9.9% 7.6% 8.8%
2021-12-31 09:30 AM Dec 12.1% 9.9% 12%
2022-01-28 09:30 AM Jan 12.1% 13.5%


Related Last Previous Unit Reference
Inflation Rate 12.10 9.90 percent Dec/21
Consumer Price Index CPI 154.70 150.70 points Dec/21
Core Consumer Prices 155.70 153.00 points Dec/21
Core Inflation Rate 7.00 6.30 percent Nov/21
GDP Deflator 151.90 151.80 points Dec/20
Export Prices 191.74 163.06 points Oct/21
Import Prices 163.10 176.81 points Oct/21
Inflation Rate Mom 2.70 2.60 percent Dec/21
CPI Transportation 130.20 128.90 points Dec/21
CPI Housing Utilities 122.90 122.70 points Dec/21


News Stream
Sri Lanka Inflation Rate Rises to 13-Year High
Consumer prices in Sri Lanka jumped 12.1 percent year-on-year in December of 2021, accelerating from a 9.9 percent rise in the previous month. It was the highest inflation rate since December of 2008 due to a record 22.1 percent rise in price of food products compared to a 17.5 percent rise in November. The cash-strapped economy is struggling to finance urgent imports to tackle an acute shortage of essentials in the country leading to rationing of food by supermarkets for quite a few months now. Also, food shortages worsened as the government imposed a broad ban on imports, including agrochemical products amid pandemic to shore up foreign exchange reserves. At the same time, additional upward pressure also came from non-food products (7.5 percent vs 6.4 percent in November). On a monthly basis, consumer prices advanced 2.7 percent, following a 2.6 percent increase in November.
2021-12-31
Sri Lanka Inflation at Near 9-Year High
Sri Lanka’s annual inflation rose to 9.9 percent in November of 2021, advancing from 7.6 percent in the previous month. It was the highest inflation rate since February of 2013 as prices rose at a faster pace both for food products (17.5 percent vs 12.8 percent in October) and non-food products (6.4 percent vs 5.4 percent). On a monthly basis, consumer prices went up 2.6 percent, accelerating from a 1.9 percent increase in October.
2021-11-30
Sri Lanka Inflation at Near 4-Year High
Sri Lanka’s annual inflation rose to 7.6 percent in October of 2021, the highest since November 2017, up from 5.7 percent in the previous month. Prices advanced at a faster pace both for food products (12.8 percent vs 10 percent in September) and non-food products (5.4 percent vs 3.8 percent). On a monthly basis, consumer prices went up 1.9 percent, accelerating from 0.4 percent increase in September.
2021-10-29