Sri Lanka inflation rises to 7.0 percent in November

Sri Lanka's inflation as measured by consumer prices in Colombo rose for the seventh consecutive month in November, the Statistics Department of the Central Bank said today.

The inflation increased to 7.0 percent in November from 6.6 percent in the previous month while the Colombo Consumer Price Index increased by 1.1 percent to 225.8 points from 223.3 points in October 2010.
The annual average inflation increased to 5.8 percent in November from 5.4 percent in last month, as a result of the price increases in the preceding twelve month period.
The Central Bank expects the inflation to rise ahead of the approaching holidays but to remain in single digits.