Inflation during the month of September has declined by 0.6% from 24.9% in August to 24.3% in September, the Department of Census and Statistics rating the inflation as measured by Colombo Consumers' Price Index(CCPI) on a Year on Year (YoY) basis declared.
On a year to year basis, the highest contribution to the overall increase of around 57 per cent came from food commodities which rose by 14 percent in September 2008.
The combined effects of both domestically produced and imported food commodities contributed to the increase in the food sub index. Among the food commodities, Rice, Vegetables, Dhal, Milk powder, Coconuts and Coconut oil which have significant weights in the CCPI basket recorded price increases on a year to year basis.