---
title: "Colombo’s inflation drops to -2.1% in Nov. 2024"
url: https://www.lankaxpress.com/colombos-inflation-drops-to-2-1-in-nov-2024/
type: post
date: 2024-11-29
modified: 2024-11-29
markdown_url: https://www.lankaxpress.com/colombos-inflation-drops-to-2-1-in-nov-2024.md
author: "LankaXpress Reporter"
---

# Colombo’s inflation drops to -2.1% in Nov. 2024

![Colombo’s inflation drops to -2.1% in Nov. 2024](https://adaderanaenglish.s3.amazonaws.com/1732875997-INFLATION-6.jpg)

The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has decreased to -2.1% in November 2024, compared to -0.8% in October 2024, according to [the latest data ](http://www.statistics.gov.lk/WebReleases/CCPI_20241129E)released by the Department of Census and Statistics.

The CCPI for all items for the month of November 2024 was 189.4 and it records a decrease of 0.5 index points or 0.25 percentage compared to the month of October 2024 for which the index was 189.9. This represents a decrease in expenditure value by Rs 427.75 in the ”Market Basket”.

The overall rate of inflation as measured by the CCPI on Y-on-Y basis is -2.1% in November 2024 and Y-on-Y inflation calculated for the month of October 2024 was -0.8%. 

The Y-on-Y inflation of Food Group decreased to 0.6% in November 2024 from 1,0% in October 2024 and the Y-on-Y inflation of Non Food Group decreased to -3.3% in November 2024 from -1.6% in October 2024.

For the month of November 2024, on Y-on-Y basis, contribution to inflation by food commodities was 0.19%.

-Ada Derena