[Sri Lanka] - Sri Lanka s inflation drops to -0.2% in September

INSUBCONTINENT EXCLUSIVE:
The general rate of inflation, as determined by the National Consumer Price Index (NCPI), has actually decreased to -0.2% in September 2024
from 1.1% in August 2024, according to the most recent information launched by the Department of Census and Statistics. Meanwhile, food
inflation also decreased to 0.5% in September, down from 2.3% in August.The NCPI for all items for the month of September 2024 is 203.1 and
it tape-records a decrease of 1.0 in index points compared to August 2024
The NCPI for all products for the months of September 2024 is 203.1
A decrease of 1.0 index points or 0.48 percentage compared to August 2024 for which the index was 204.1
This decline represents a decrease in expenditure value of Rs
500.25 in the â $ market basketâ $
The overall rate of inflation as determined by the NCPI on a Year-over Year basis was -0.2% in September 2024 and inflation computed for the
August 2024 was 1.1%
 On a month-to-month basis, the Year-on-Year inflation of the food group reduced to 0.5% in September 2024 from 2.3% in August 2024 and
the Year-on-Year inflation of the non-food group decreased to -0.7% in September 2024 from 0.2% in August 2024
On a Year-on-Year basis, contribution of food commodities to inflation was 0.22 percent in September 2024 compared to the month of September
2023, the report stated.