Inflation, consumer prices for Sri Lanka
FPCPITOTLZGLKA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.43
Year-over-Year Change
-105.69%
Date Range
1/1/1960 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Sri Lanka tracks changes in the prices paid by consumers for a basket of goods and services. It is a key measure of inflation used by economists and policymakers to assess the cost of living and guide economic policy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Sri Lanka CPI measures the change in prices for a representative basket of consumer goods and services, including food, housing, transportation, and other expenditures. It is a widely followed indicator of the country's inflationary pressures and is used to inform monetary and fiscal policy decisions.
Methodology
The CPI data is collected monthly through surveys of retailers and service providers across Sri Lanka.
Historical Context
The Sri Lanka CPI is monitored closely by the Central Bank of Sri Lanka and international institutions to gauge economic stability and living standards.
Key Facts
- Sri Lanka CPI is published monthly by the Central Bank of Sri Lanka.
- The base year for the CPI is 2013.
- Food and non-alcoholic beverages make up the largest component of the CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Sri Lanka Consumer Price Index (CPI) measures the changes in the prices paid by consumers for a basket of goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: The Sri Lanka CPI is a crucial indicator of inflation that helps economists, policymakers, and the public assess the cost of living and the overall state of the economy.
Q: How is this data collected or calculated?
A: The CPI data is collected monthly through surveys of retailers and service providers across Sri Lanka.
Q: How is this trend used in economic policy?
A: The Sri Lanka CPI is closely monitored by the Central Bank of Sri Lanka and international institutions to guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Sri Lanka CPI is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for Sri Lanka (FPCPITOTLZGLKA), retrieved from FRED.