Sri Lanka, Jan. 31 -- Sri Lanka's headline inflation, measured by the year-on-year change in the Colombo Consumer Price Index (CCPI), remained in negative territory for the fifth consecutive month, recording a deflation of 4.0% in January 2025, compared to 1.7% in December 2024, according to Central Bank projections.

Non-food deflation increased to 4.7% in January from 3.0% in December, while the food category recorded a deflation of 2.6%, reversing from an inflation rate of 0.8% the previous month. On a month-on-month basis, the CCPI rose by 0.47%, driven by increases of 0.11% in food prices and 0.36% in non-food prices.

Core inflation decelerated to 1.2% in January from 2.7% in December. The Central Bank expects deeper-than-projected ...