Colombo inflation eases to 50.3% in March 2023

Meanwhile, the CCPI for all items for the month of March was recorded at 195.0, with an increase of 5.5 in index points (2.92%) from February 2023, for which the index was 189.5.

The Y-o-Y inflation of the Food Group substantially dropped to 47.6% in March, from the 54.4% recorded last month, while Y-o-Y inflation in the Non-Food Group increased to 51.7% this month from the 48.8% recorded in February 2023.

For the month of March, the contribution to inflation by food commodities on Y-o-Y basis was 14.93%. – ada derana

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