Sri Lanka’s consumer prices measured by a re-based National Consumer Price Index was up 53.2 percent from a year earlier, but down from 59.2 percent a year earlier.
During the month of January the re-based index rose 0.7 percent to 201.8 points.
Sri Lanka’s inflation soared after two years of money printing and a float botched with a surrender rule which led to a collapse of the rupee from 200 to 360 to the US dollar in the worst currency crisis of the intermediate regime central bank.
The central bank injected some money to ease overnight liquidity shortages in the previous month.
Now a peg is maintained at 360/370 to the US dollar, anchoring prices.
Prices of many traded goods have fallen, but non-traded items tend to go up.
According to the rebased index, food prices rose by 0.2 percent after falling absolutely for three months.
Source: Economynext
