Macro Economy Dashboards
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Average Annual Inflation
Percentage change in prices for consumer goods and services
Data Source: Department of Census and Statistics, Sri Lanka
Average Annual Inflation 2015 - 2024
Notes:
Definition and Statistical Concept
The Average Annual Inflation measures the percentage change in prices for a typical basket of consumer goods and services purchased by households nationwide, categorized mainly into Food & Non-Alcoholic Beverages and Non-Food items, using the National Consumer Price Index (NCPI). This indicator is vital for assessing the cost of living, purchasing power, and overall economic stability. Rising inflation can erode household income, affect savings, and influence interest rate policies, while low and stable inflation supports predictable economic planning. Policymakers, businesses, and investors monitor inflation trends to guide monetary policy, wage adjustments, and investment decisions.
Special Notes (if any)
1) National Consumer Price Index (NCPI) – Base Year 2013 = 100 (2015 – 2022): https://www.statistics.gov.lk/InflationAndPrices/StaticalInformation/NCPI/NCPI_2013-InflationSubGroupwiseChart
2)National Consumer Price Index (NCPI) – Base Year 2021 = 100 (2023 – 2024): https://www.statistics.gov.lk/InflationAndPrices/StaticalInformation/NCPI/NCPI_2021-InflationSubGroupwiseChart