- sashimaalTop contributor
- Posts : 5785
Join date : 2014-02-28
Inflation dips considerably to 1.6% in October
This decline was mainly due to the downward revision of electricity tariff by around 25%. Annual average inflation also declined to 3.8% in October 2014 from 4.2% recorded in the previous month. The monthly percentage change in CCPI recorded a decline of 1.6% in October 2014, mainly due to decreases in prices of items in the non food category.
This was mainly supported by the downward revision of electricity tariff, and prices of LP gas and fuel. Accordingly, within the non‐food category, prices in housing, water, electricity, gas and other fuels; and transport sub groups recorded decreases during the month.
Prices in clothing and footwear; health; recreation and culture; education; and miscellaneous goods and services sub groups recorded increases, while prices in furnishing, household equipment and routine household maintenance; and communication sub groups remained unchanged during October 2014.
http://www.ft.lk/2014/11/03/inflation‐dips‐considerably‐to‐1‐6‐in‐october/