Inflation drops to 5.2% in November 2020.

Inflation drops to 5.2% in November 2020.

Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 decreased to 5.2% in November 2020 from 5.5% in October 2020.

This was due to the statistical effect of the high base prevailed in November 2019. Meanwhile, Food inflation (Y-o-Y) decreased to 9.4% in November 2020 from 10.6% in October 2020, whereas Non-food inflation (Y-o-Y) increased to 1.7% in November 2020 from 1.5% in October 2020.

The change in the NCPI measured on an annual average basis increased marginally to 6.3% in November 2020 from 6.2% in October 2020.

Monthly change of NCPI recorded at 0.47% in November 2020 mainly due to increases observed in prices of items in both Food and Nonfood categories.

Moreover, monthly changes of Food and Non-food categories recorded at 0.34% and 0.13%, respectively in November 2020.

Accordingly, within the Food category, increases were observed mainly in the prices of rice, big onion, coconut and potato during November 2020. Moreover, within the nonfood category price of Transport (bus fare) sub-category recorded an increase during the month.

Further, both year-on-year core inflation and annual average core inflation remained unchanged at 4.5% and 4.2%, respectively, in November 2020.


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