Sri Lanka’s inflation rose slightly in October, climbing to 2.1 per cent year-on-year last month. Data from the Colombo Consumer Price Index showed headline inflation continuing its gradual move toward the Central Bank’s target range, up from 1.5 per cent in September.

 

 

 

Core inflation, which excludes volatile food and energy items, edged up to 2.2 per cent last month from 2.0 per cent in September, indicating mild underlying price pressures. The Central Bank expects inflation to gradually accelerate toward its 5 per cent target in the coming months, supported by continued policy measures aimed at maintaining economic stability.