Sri Lanka, March 3 -- Sizeable cut to electricity tariffs in the third week of January brought consumer prices in the Colombo district further down in February. This is while some of the food prices such as rice which were soaring saw some easing, providing further relief to the consumer who was beaten by over 70 percent increase in everyday goods a couple of years ago. Consumer price changes measured by the Colombo consumer price index fell by 4.2 percent in the twelve months through February 2025, at a faster pace than the 4.0 decline in prices seen through January.

Headline prices have now fallen for the sixth months in a row after setting off this current stretch of deflation back in September 2024.

Prices measured on a monthly bas...