The Year-on-Year (Y-o-Y) inflation based on the Colombo Consumer Price Index (CCPI) decreased to 54.2% in January 2023, the Department of Census and Statistics reported. Accordingly, in comparison to the 57.2.% seen in December, the Y-o-Y was down by 3% in January.

Meanwhile, food inflation also decreased to 60.1% in January, from the 64.4% recorded last month.