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June inflation drops to 10.8%

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Sri Lanka inflation, based on National Consumer Price Index (NCPI), for June 2023 has been recorded at 10.8%, which is a drop in comparison to the headline inflation of 22.1% recorded in May 2023. According to Department of Census and Statistics (DCS) statistics, the contributions to the NCPI on a month-on-month basis were by the increases in food items of 0.44% and decreases in non-food items of 0.3% respectively. The recorded inflation for June 2023 was mainly due to the higher price levels prevailed in both food and non-food groups as against June 2022.

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