Inflation in Sri Lanka Declines by 11.5% in May, Says Census and Statistics Department

According to the Census and Statistics Department of Sri Lanka, inflation has decreased by 11.5 percent in the month of May. This announcement was made while releasing the National Consumer Price Index and the monthly consumer inflation figures for May.

The decline in inflation indicates a positive trend for the country's economy. Lower inflation rates can lead to increased purchasing power and improved affordability for consumers. It also reflects stability in the overall price levels of goods and services.

The Census and Statistics Department regularly monitors and reports on key economic indicators to provide accurate and up-to-date information for policymakers, businesses, and the public. The May inflation data provides valuable insights into the current state of the economy and helps stakeholders make informed decisions.