The Department of Census and Statistics has reported that Sri Lanka’s inflation rate, which stood at -0.2% in September 2024, has decreased further to -0.7% in October. This marks a continuing trend of deflation in the country, indicating a reduction in the general price levels.
However, food inflation, which was recorded at 0.5% in September, saw an increase to 1.3% in October. This rise in food prices suggests that households are continuing to experience upward pressure in the cost of essential food items.
In contrast, non-food inflation, which was at -0.7% in September, dropped further to -2.3% in October. This suggests a decline in the cost of non-food goods and services, reflecting a reduction in expenses in sectors such as transport, utilities, and healthcare.
