Inflation rises marginally in April

The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has increased to 2.7% in April 2024, compared to 2.5% in March 2024, according to the latest data released by the Department of Census and Statistics.

Meanwhile, food inflation has decreased to 3.3% in April 2024 compared to 5.0% in March 2024.

The NCPI for all items for the month of April 2024 is 208.2, which is a decrease of 1.8 index points or 0.89 per cent compared to March 2024 for which the index was 210.0.

This decrease represents a decrease in expenditure value of Rs. 946.09 in the “market basket”.

The overall rate of inflation as measured by the NCPI on a Year-over-Year basis was 2.796 in April 2024 and inflation calculated for March 2024 was 2.5%.

On a monthly basis, the Year-on-Year inflation of the food group decreased to 3.3% in April 2024 from 5.0% in March 2024 and the Year-on-Year inflation of the non-food group increased to 2.3% in April 2024 from 0.7% in March 2024.