Colombo’s year-on-year inflation slowed to 1.6 percent in February, down from 2.3 percent recorded in January, according to the latest data released by the Department of Census and Statistics.
The figures, based on the Colombo Consumer Price Index (CCPI), indicated a sharp moderation in food inflation, which declined to 0.2 percent in February from 3.3 percent the previous month.
However, non-food inflation rose to 2.3 percent in February, compared to 1.8 percent in January, reflecting price increases across several non-food categories.