Sri Lanka’s inflation drops in August 2024
Posted on September 24th, 2024

Courtesy Adaderana

The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to 1.1% in August 2024, compared to 2.5% in July 2024, according to the latest data released by the Department of Census and Statistics.

Meanwhile, food inflation has decreased to 2.3% in August 2024 compared to 2.9% in July 2024 and the Year-on-Year inflation of the non-food group increased to 0.2% in August 2024 from 2.2% in July 2024.

The NCPI for all items for the month of August 2024 is 204.1 and it records a decrease of 2.8 in index points compared to July 2024.

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