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| Sunday, 12 December 2004 |
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| News Business Features Editorial
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Cost of living on the rise Consumers have paid Rs.256.34 more to purchase the same goods and services in November than the previous month. Accordingly, the annual inflation rate on the basis of 12 months moving average increased to 6.8 percent in November 2004 from 6.1 percent in October, Department of Census and Statistics said. Colombo Consumers' Price Index (CCPI), the official price index of Sri Lanka for November, was at 3826.2 showing an increase of 126.8 index points or 3.4 percent from the October index number of 3699.4. This is an increase of Rs. 256.34 in the Expenditure Value of "Market basket" when compared with October. The increase in the CCPI for November is mainly due to the increase in prices of bread, wheat flour, rice and curry, bread and curry, milk tea, limes, red onions, coconut oil, fresh fish - salaya, dried fish - salaya, coconuts, potatoes, most varieties of vegetables, firewood, postal charges and arrack. These price increases can be mainly attributed to short supply of locally produced agricultural consumer goods, especially vegetables to the main markets in Colombo City due to seasonality. However, prices of rice, dried chillies and some varieties of fresh fish and dried fish have decreased during this month the department said. |
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