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SRI LANKA'S NOVEMBER INFLATION FALLS TO 16.3 PCT.
COLOMBO, Dec 1 Asia Pulse - Consumer inflation in Sri Lanka's capital Colombo fell to 16.3 per cent in November from 20.2 per cent in October, while prices fell by an absolute 0.7 per cent in the 28 days of the month, the government's statistics office said.
The moving average of the index, which is smoothed over two years and lags point-to-point inflation, also fell to 23.0 per cent from 23.4 per cent in November.
The index number fell in absolute terms to 205.2 points from 206.6 points in October. It peaked at 207.2 per cent.
The subgroup containing electricity and gas fell to 229.6 index points from 234.0 points and transport fell to 266.3 from 274.8 amid falls in bus and power and cooking gas fares.
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Source: HighBeam Research, SRI LANKA'S NOVEMBER INFLATION FALLS TO 16.3 PCT.