Srilanka, Feb. 1 -- The consumer prices in the Colombo district fell 4.0 percent in the 12 months through January 2025, compared to the 1.7 percent decline in the prices in December 2024.
This further deepened the months-long deflation, which managed to take away at least a little part of the painfully high price pressures the people had to endure until recently.
January also marked the fifth consecutive month of negative prices, when the current stretch of deflation set off in September last year, largely led by the repeated cuts to the fuel prices and electricity and water tariffs.
Measured on a monthly basis however, the prices in January came in at 0.5 percent higher, decelerating from the 1.2 percent increase in December 2024.
The fas...
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