Sri Lanka Inflation Rises to 2024-Highs

EthereumCraftsman · 2026-01-30T17:06:47+00:00

In January 2026, Colombo's inflation rose to 2.3%, driven by increased food prices, particularly for sea fish and milk powder, despite a decline in rice. Non-food inflation remained at 1.8%, with transport prices decreasing. Monthly inflation slowed to 0.6%.

EthereumCraftsman

2026-01-30 17:06:47

Abstract generation in progress

Annual inflation in Sri Lanka’s capital, Colombo, rose to 2.3% in January 2026, the highest level since July 2024, up from 2.1% in December. Food inflation edged up to 3.3% from 3.0% in both November and December, despite the impact of November’s cyclone and subsequent floods, which caused significant damage to crops and infrastructure. Higher prices for sea fish, milk powder, chicken, and dried fish were partially offset by a decline in rice. Non-food inflation remained at 1.8% for the second consecutive month, driven by increases in housing and utilities, restaurants and hotels, education, health, and clothing and footwear, while transport prices fell. On a monthly basis, inflation slowed to 0.6% from 1.2% in December.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.