Sri Lanka inflation rises 9.8-pct in 2012

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COLOMBO, Jan 31 (Reuters) - Sri Lanka's year-on-year inflation rate in January accelerated to 9.8 percent against 9.2 percent a month ago, according to data released on Thursday by the Department of Census and Statistics.

Annual average inflation, measured on a 12-month moving average, rose to a record high of 8.1 percent, from 7.6 percent in December.

(Reporting by Shihar Aneez and Ranga Sirilal; Editing by Ron Popeski)

(shihar.aneez@thomsonreuters.com)(+94-11-232-5540)

(Reuters Messaging: shihar.aneez.thomsonreuters.com@reuters.net)
http://www.xe.com/news/2013/01/31/3179577.htm

Redbulls · 2 Sri Lanka inflation rises 9.8-pct in 2012 Thu Jan 31, 2013 5:24 pm

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January 31, 2012 (LBO) – Consumer prices in Sri Lanka rose to 9.8 percent in January from 9.2 percent a month earlier, official data showed.

The main Colombo Consumer Price Index rose to 170.0 points from 168.6 points recorded in December, the Census and Statistics Department said.
On a 12-month moving average, inflation for January rose to 8.1 percent as against 7.6 percent in December.

In January, the Sri Lanka's Central Bank said it aims to inflate the economy by about 7.0 percent in 2012 based on a monetary targeting framework where money supply and credit growth is taken into account.
http://lbo.lk/fullstory.php?nid=704629935