LKCSE Colombo Stock Exchange Close
  • Current Exchange
    Colombo Stock Exchange LKCSE

Market time
Black
White

Send This Page To Friends and Colleagues

You can Enter more than one email separated by (,)
Allowed 100 characters only
12 January, 2011 09:35 AM Source: Financial Times - Sri Lanka
CBSL.jpg

The Central Bank yesterday almost downplayed the impact on food supply and prices from the severe floods.

 

“Weather related factors and supply disruptions have led to increases in prices of some selected food items time to time.  However, these price increases in the domestic economy are expected to have only a transient effect on domestic inflation,” the Central Bank said as part of its statement post January monetary policy review.
It also said current monetary developments do not indicate any significant demand pressures in the economy emanating from second round effects of these price increases. It said inflation, as measured by the year-on-year change in the Colombo Consumers’ Price Index (base=2002) was 6.9 per cent in December 2010.  Annual average inflation in 2010 was 5.9 per cent.  “The continued stability of the Sri Lanka rupee has also cushioned price increases of imported commodities, while measures taken by the government, particularly downward adjustments to tariffs applicable to imported commodities, helped reduce price pressures further. In the coming months, domestic agricultural production is expected to increase along with the increase in the extent of land cultivated.  In addition, the enhanced capacity utilisation in many sectors of the economy, with the development of infrastructure, reasonable productivity gains and greater efficiency of capital employed, would help ease domestic price pressures,” the Central Bank said.

Add Comment | 0   comment

Readers Comment

Nothing found to display
page number 1

Add Comment

Please login first to comment Click here to login

Stocks in Focus


Features for Registered Users

E-mail Alerts
Daily Newsletter
Your Watchlist
Advanced Tools
and
Many more


Will automatically display the last quotes you have visited here.

All Rights Reserved - DUInvest © 2014

Login

Do You have an Account ? , Click here to create a new account

Your Opinion Matters

What do you think about the new Website?