CCPI inflation climbs to 60.8%

COLOMBO (News 1st); The Colombo Consumer Price Index (CCPI) inflation climbed to 60.8% Y-o-y in July 2022, while the CCPI inflation grew by 4.5% in July, in contrast with June 2022.

Inflation climbed primarily due to transport, restaurants and hotels, fish, rice and utilities.

Food inflation increased 90.9% while non food inflation increased 46.5% YoY.

Significantly, the largest montly increase has been recorded in the transport sector, from 128% in June to 143.6% in July.