The annual inflation rate in Sri Lanka slowed for the second month to 4 percent in September of 2020 from 4.1 percent in August. Inflation fell for food (11.5 percent vs 12.3 percent) but edged up for non-food products (0.9 percent vs 0.8 percent). On a monthly basis, consumer prices jumped 0.7 percent after a flat reading in August.
Inflation Rate in Sri Lanka averaged 9.21 percent from 1986 until 2020, 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 September of 2020. source: Central Bank of Sri Lanka
Inflation Rate in Sri Lanka is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Sri Lanka to stand at 3.30 in 12 months time. In the long-term, the Sri Lanka Inflation Rate is projected to trend around 4.00 percent in 2021 and 4.50 percent in 2022, according to our econometric models.