Sri Lanka's overall rate of inflation for September rises to 73.7%

COLOMBO (News 1st) - Sri Lanka's overall rate of inflation as measured by NCPI for the month of September 2022 has risen to 73.7%, the Department of Census and Statistics reports. 

The NCPI for all items for the month of September 2022 is 256.2 and it records an increase of 5.8 in index points compared to August 2022.

For the September 2022, Month-on-Month change recorded as 2.3% compared to August 2022.

The overall rate of inflation as measured by NCPI on Year-on-Year basis is 73.7% in September 2022 and inflation calculated for the August 2022 was 70.2%.

With respect to September 2021, the reported inflation for the month of September 2022 was mainly due to the higher price levels prevailed in both food and non-food groups. Accordingly, the Year-on-Year inflation of the food group increased to 85.8% in September 2022 from 84.6% in August 2022 and the Year-on-Year inflation of the non-food group increased to 62.8% in September 2022 from 57.1% in August 2022, the Department reported.