Inflation to stabilise at 5%

Headline inflation, as measured by the Colombo Consumer Price Index increased to 1.5% in October from 1.3% in September. This slight increase in the headline inflation is mostly in line with the projections envisaged by the Central Bank in October.

The Food deflation (Y-o-Y) continued for the fourth consecutive month and remained unchanged at 5.2% in October compared to the previous month. Meanwhile, the Non-Food inflation (Y-o-Y) increased to 4.9% in October from 4.7% in September.

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