The YoY inflation as measured by Colombo Consumer Price Index (CCPI) in November was at 7.6% while the inflation calculated for October was 7.8%.
YoY inflation of Food Group has increased from 12.6% in October 2017 to 13.8% in November 2017 and that of Non‐food Group has decreased from 5.8% to 5 % during this period.
For the month of November 2017, on year to year basis, contribution to inflation by food commodities was 4.05%. The contribution of Non Food items was 3.56%.
The contribution of Non Food items was 3.56%. This was mainly due to increases in value change in groups of ‘Education’ (0.86%), ‘Health’ (0.51%), ‘Restaurants & Hotels’ (0.70%), ‘Transport’ (0.36%), ‘Miscellaneous
Goods and Services’ (0.45%), ‘Furnishing Household Equipment’s & Routine Household Maintenance’ (0.34%), ‘Alcoholic Beverages Tobacco and Narcotic’ (0.03%), ‘Clothing and Footwear’ (0.16%), ‘Communication’ (0.08%) and ‘Housing, Water, Electricity, Gas and Other Fuels’ (0.07%) . The group of ‘Recreation & Culture’ showed an insignificant value change.
Meanwhile the moving average inflation rate for the month of November 2017 was 6.4%. The corresponding rate for the month of October was 6.1%.
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