Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100)1, increased to 9.9 % in November 2021 from 7.6 per cent in October 2021. Meanwhile, the CCPI measured on an annual average basis, increased to 5.3 per cent in November 2021 from 4.8 per cent in October 2021.
Inflation was driven by monthly increases of prices of items in both food and Non-food categories. Subsequently, food inflation (Y-o-Y) increased to 17.5 % in November 2021 from 12.8 per cent in October 2021, while Non-food inflation (Y-o-Y) increased to 6.4 per cent in November 2021 from 5.4 per cent in October 2021.
Monthly change of CCPI recorded at 2.57 % in November 2021 due to price increases observed in items of both food and non-food categories which were 1.76 % and 0.81 % respectively.
The core inflation (Y-o-Y), which reflects the underlying inflation in the economy, increased to 7 % in November 2021 from 6.3 % in October 2021. Moreover, annual average core inflation increased to 4 % in November 2021 from 3.6 % in October 2021.
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