Colombo (LNW): The National Consumer Price Index (NCPI) recorded a drop in overall year-on-year inflation, moving from 2.1% in August 2023 to 0.8% in September 2023, as per the Department of Census and Statistics.
Conversely, food inflation rose slightly from -5.4% in August to -5.2% in September 2023.
For September 2023, the NCPI-based year-on-year headline inflation rate was calculated at 0.8%, down from the 2.1% seen in August 2023.
The report highlighted that the food group and non-food group contributed -2.4% and 3.2% respectively to September’s inflation rate.
When assessing monthly year-on-year variations, food group inflation climbed from -5.4% in August to -5.2% in September 2023.
Meanwhile, non-food group inflation decreased from 9.0% in August to 5.9% in September.
Regarding month-on-month shifts, September 2023’s NCPI (with a 2021 base of 100) grew to 203.5 from August’s 201.9, marking an increase of 1.6 index points or 0.8%.
This increase was attributed to rises in both food and non-food items, contributing 0.41% and 0.36%, respectively.
Additionally, September 2023’s core inflation, which excludes the volatile sectors of food, energy, and transport, reduced from 4.1% in August to 1.7%.
See Full Report: http://www.statistics.gov.lk/WebReleases/NCPI_September_2023
