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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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    Sri Lanka to change the inflation basket next year : Island's Stat Dept

    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    Sri Lanka to change the inflation basket next year : Island's Stat Dept Empty Sri Lanka to change the inflation basket next year : Island's Stat Dept

    Post by First Guy Wed Nov 12, 2014 6:39 am

    Nov 11, 2014 (LBO) - Sri Lanka will see a new inflation basket stating from next year eliminating the Colombo Consumers Price Index (CCPI), a top official at the country’s statistics office told LBO in an interview.

    “We are going to change the inflation basket next year and introduce a national index covering all the districts,” D C A Gunawardena, Director General of Census and Statistics Department told LBO.
    “There is a continues price stability with the government policies introduced in 2006 and every five years we change the inflation basket,”

    “So now it’s high time to change it. Because the inflation now measured taking 2006/2007 as the base year.”

    Sri Lanka inflation continued its decelerating trend observed since June 2013 and reached 1.6 per cent in October 2014 compared to 4.7 per cent in July 2014, on an annual average basis the Central bank of Sri Lanka said in a media release.
    The data is based on the change in the Colombo Consumers’ Price Index (CCPI) (2006/07=100), which is computed by the Department of Census and Statistics.

    The year on year inflation decreased from 3.5 per cent recorded in September 2014 to 1.6 per cent in October 2014, which is the lowest since November 2009, the bank said

    http://www.lankabusinessonline.com/news/sri-lanka-to-change-the-inflation-basket-next-year-:-islands-stat-dept/1725442439

      Current date/time is Thu Jun 20, 2024 11:32 am