Tuesday, May 28, 2024

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Census Dept reveals inflation rises to 1.5% in April 2024, Food Group declines, Non-Food Group up

May 01, Colombo (LNW): The overall rate of inflation measured by the Colombo Consumer Price Index (CCPI) indicates a rise, reaching 1.5 per cent in April 2024, the Census and Statistics Department disclosed.

This marks a rise from the previous month’s figure of 0.9 per cent, according to the latest data released by the Dept.

In April 2024, the inflation rate for the food group declined to 2.9 per cent from 3.8 per cent in March 2024, while the inflation rate for the non-food group increased to 0.9 per cent from -0.5 per cent in March 2024.

Contributions to the April 2024 inflation rate from the food group and non-food group were 0.9 per cent and 0.58 per cent, respectively.

The Census Department attributed this to price increases in categories such as transport, alcoholic beverages, tobacco and narcotics, education, restaurants and hotels, miscellaneous goods and services, recreation and culture, communication, clothing and footwear, furnishing household equipment and routine household maintenance.

Conversely, price decreases were observed in categories such as housing, water, electricity, gas and other fuels, and health compared to April 2023.

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