The YoY inflation as measured by Colombo Consumer Price Index (CCPI) was 3.4% in November 2016 and inflation calculated for October 2016 was 4.2%.
Accordingly YoY inflation has decreased in November 2016 compared to that of October 2016. YoY inflation of Food Group has decreased from 6.0% in October. According to the Census and Statistics (DCS) Department, the CCPI for all items for November 2016 was 190.9 and it records an increaseof 1.2 index points or a percentage of 0.63 compared to October 2016 for which the index was 189.7 This increase represents an expenditure value of Rs.336.35 in the “Market Basket”.
Contributions to the increase in CCPI from October 2016 to November 2016 saw an increase in the index point by 0.63% which was due to the increase of food items by 0.02% and increase of non-food items by 0.61% respectively.
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