Inflation rate in Sri Lanka rose to 4.8 percent in December 2019 from 4.4 percent in November, as prices advanced faster for both food & non-alcoholic beverages (6.3 percent vs 4.6 percent) and non-food products (4.3 percent vs 4.2 percent). Among non-food items, prices were higher for transport (4.4 percent vs 2.7 percent) and health (3.7 percent vs 2.2 percent) while inflation was steady for restaurants & hotels (at 2.9%); clothing & footwear (at 8.1 percent) and furnishings (at 5.4 percent). On a monthly basis, consumer prices inched up 0.5 percent, following a 0.3 percent increase in the prior month. Inflation Rate in Sri Lanka averaged 9.32 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. source: Central Bank of Sri Lanka
Inflation Rate in Sri Lanka is expected to be 4.60 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 4.70 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.