Sri Lanka, March 31 -- In line with the Central Bank's near term projections, deflationary conditions commenced easing in March. Headline inflation, as measured by the year-on- year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) 1 remained in the negative territory for the seventh consecutive month, yet recorded a slower deflation of 2.6% in March 2025 compared to the deflation of 4.2% recorded in February 2025.
Non-Food deflation (Y-o-Y) decelerated to 4.1% in March 2025 from 6.1% in February 2025. Food category recorded an inflation (Y-o-Y) of 0.6% in March 2025 compared to the deflation of 0.2% recorded in February 2025.
On a month-on-month basis, the CCPI decreased by 0.31% in March 2025 due to the combined effect...