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SRI LANKA INFLATIONS SLOWS TO 26.6 PCT IN JULY.
COLOMBO, Aug 1 Asia Pulse - Sri Lanka consumer inflation in the capital Colombo slowed to 26.6 per cent in July 2008 from a record 28.2 per cent in June, the government's statistics office said.
In the month of July prices rose 0.2 per cent compared with an increase of 3.7 per cent in June according to the most widely watched Colombo Consumer Price Index (CCPI).
The government changed the weights of the index and its base year after inflation hit 29.9 per cent in April.
The annual average inflation rate rose to 21.9 per cent in July from 21.0 per cent in June.
The island's inflation had been raging since the middle of 2007 amidst loose monetary policy ...
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Source: HighBeam Research, SRI LANKA INFLATIONS SLOWS TO 26.6 PCT IN JULY.