March Shows Rise In Inflation 
Posted 23,April

By Chaveendra Dunuwille

In Local News

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Core inflation, measured by the YoY changes based on NCPI for 2021 shows a increase from February 2021 valued at 4.1% to 4.3% in March 2021. 

According to the Department of Census and Statistics 4.0% and 1.1% of the  March 2021 inflation can be attributed to food groups and non- food groups  respectively. This is a decrease in comparison to March 2020 where the food  groups and non- food groups contributed 6.0% and 1.0% respectively.  

The increase in index values for non-food groups can be considered a result of  the increases in prices of Restaurants, Alcoholic Beverages, Tobacco, Clothing,  Transport and other categories. Slight increases in price were recorded in  Housing, Water, Electricity and Gas prices from Recreational Activities,  Communication and Education remained largely the same during the month of  March.  

Food items such as vegetables, coconuts, potato and lime showed a decrease in  price. However prices of chicken, rice, fresh fruits and fish recorded an increase  in index values.