Year on Year inflation based on NCPI for December 2016 has been calculated as 4.2%. Inflation of November 2016 was 4.1%.
Census and Statistics Director General Dr. Amara Satharasinghe said in December 2016 contribution to the inflation from food group and non-food group are 1.06% and 3.18% respectively.
The Census and Statistics Department said the National Consumer Price Index (NCPI) for December 2016 has been calculated as 118.0 for December 2016. This shows an increase of 1.4 index points or a percentage of 1.2 compared to the previous month’s (November) index of 116.6. This monthly change was due to the increase of expenditure value of food items by 1.25% and decrease of expenditure value of non-food items by 0.08%.
The increase in expenditure value of food commodity group in December 2016 compared to that of November 2016 was due to the price increases in rice, coconut, fresh fish, big onions, potatoes, papaw, vegetables, eggs, coconut oil, green chilies and beef. However, price decreases were reported for limes, chicken, banana, mangoes, dried chilies, pineapple and dried fish.
The decrease in expenditure value of non food commodity group in December 2016 compared to the preceding month was due to the expenditure value decreases in groups of ‘Alcoholic beverages, Tobacco and Narcotics’, ‘Recreation and Culture’ and ‘Housing, Water, Electricity, Gas and other fuels’.
However, expenditure value increases were observed for groups of ‘Restaurant and Hotels’, ‘Furnishing, Household equipment and Routine household maintenance’, ‘Transport’ and ‘Clothing and Footwear’.
0 comments: