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New Inflation Index from June

Sri Lanka plans to release a new consumer-price index by the end of June to accurately reflect household spending and assess price movements, a director at the Department of Census and Statistics said.

“We are seeing a shift from food to non-food consumption,” Census and Statistics Department Director D C A Gunawardena said. The new gauge will be based on the spending pattern of households in the capital Colombo in 2006 and 2007, compared with the current index that tracks 2002 consumption, he said.

(bloomberg)

 

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