Inflation rate in Sri Lanka decreased to 3.8 percent in June of 2019, from 5.0 percent in the previous month. It was the smallest rate of inflation since January, as food & non-alcoholic beverages cost fell (-1.0 percent vs 0.8 percent in May) while prices went up at softer pace for non-food products (6.0 percent vs 6.8 percent). Among non-food, cost slowed for housing & utilities (3.3 percent vs 3.9 percent); transport (5.3 percent vs 9.3 percent); restaurants & hotels (7.7 percent vs 10 percent) and alcoholic beverages & tobacco (15.2 percent vs 15.5 percent). In contrast, prices advanced faster for clothing & footwear (8.4 percent vs 7.8 percent) and health (13.6 percent vs 12.5 percent) while inflation was steady for furniture & household equipment (at 6.4 percent). On a monthly basis, consumer prices went up 0.9 percent, easing from a 1.6 percent increase in May. Inflation Rate in Sri Lanka averaged 9.39 percent from 1986 until 2019, 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.
Inflation Rate in Sri Lanka is expected to be 5.20 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 4.40 in 12 months time. In the long-term, the Sri Lanka Inflation Rate is projected to trend around 6.00 percent in 2020, according to our econometric models.