Sri Lanka Consumer Inflation Hits Record 73.7 Percent in September

Sri Lanka Consumer Inflation Hits Record 73.7 Percent in September
A ship loaded with containers ready for departure at the new Chinese-majority owned Colombo International Container Terminal (CICT) in Colombo on Sept. 10, 2014. Lakruwan Wanniarachchi/AFP via Getty Images
Reuters
Updated:

Sri Lanka’s National Consumer Price Index (NCPI) rose to a new high of 73.7 percent in September from a year earlier, quickening from 70.2 percent in August, the statistics department said.

Annual food price inflation picked up to 85.8 percent from 84.6 percent in August, while prices of non-food items rose 62.8 percent. Sri Lanka’s Central Bank Governor Nandalal Weerasinghe predicted earlier on Thursday that inflation in the island nation is peaking, with price rises likely to ease this month.