Official inflation hits 4-year high
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NOV
23

Official inflation hits 4-year high

Official inflation hits 4-year high

Issuing a statement, the bank further said headline inflation, as measured by the year-on-year (Y-o-Y) change in the NCPI, increased to 8.3 per cent in October 2021 from 6.2 per cent in September 2021.

 

The CBSL said this was driven by monthly increases in prices of items in both Food and Non-food categories.

 

The CBSL further said the NCPI, measured on an annual average basis, increased to 5.7 per cent in October 2021 from 5.5 per cent in September 2021.

 

Monthly change of NCPI was recorded at 2.12 per cent in October 2021 due to increases observed in prices of items in both Food and Non-food categories which were 0.89 per cent and 1.23 per cent, respectively.

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