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Inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI) (2006/07=100), which is compiled by the Department of Census and Statistics, declined to -0.3 per cent in September 2015, compared to -0.2 per cent recorded in the previous month, on an year-on-year basis. Annual average inflation declined to 0.7 per cent in September 2015 from 1.0 per cent in August 2015.

CCPI decreased by 0.3 per cent from August to September 2015. The monthly decrease in CCPI was mainly caused by the decline in prices of items in the Food category. Prices of some varieties of vegetables, green chilies, fresh fish, eggs, rice, red onions, coconut oil and coconuts decreased during September 2015.

However, prices of chicken, beef, dried fish, Maldive fish, some varieties of fruits, big onions, limes and sugar increased during the month. Within the Non-food category, prices in Clothing and Footwear; Furnishing, Household Equipment and Routine Household Maintenance; and Recreation and Culture sub categories increased. All the other sub categories, namely, Housing, Water, Electricity, Gas and other Fuels; Health; Transport; Communication; Education; and Miscellaneous Goods and Services remained unchanged during the month.