Producer prices in Sri Lanka increased 3.6 percent year-on-year in December of 2020, following a downwardly revised 5.1 percent jump in November. It is the slowest producer inflation since March, as prices slowed the most in agriculture (9.7 percent vs 17.8 percent in November), due to lower costs of farmed animals (-4 percent); followed by utilities (0.7 percent vs 3.3 percent), dragged by almost flat electricity prices (0.4 percent). On the other hand, manufacturing prices rose at a faster rate (4.7 percent vs 3.6 percent), supported by manufacturing of wearing apparel, dressing, and dyeing of fur (14.6 percent); manufacture of rubber and plastics (10.2 percent); manufacture of electrical equipments (9.6 percent) and manufacture of basic metals (8 percent). On a monthly basis, producer prices climbed 1.5 percent, following a downwardly revised 0.2 percent decrease in November. Considering full 2020, producer inflation jumped 5.7 percent, following a 2.9 percent hike in 2019. source: Department of Census and Statistics - Sri Lanka
Producer Prices Change in Sri Lanka averaged 6.27 percent from 2015 until 2020, reaching an all time high of 20.30 percent in April of 2017 and a record low of -3.40 percent in January of 2016. This page provides - Sri Lanka Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Producer Prices Change in Sri Lanka is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Sri Lanka to stand at 2.80 in 12 months time. In the long-term, the Sri Lanka Producer Prices Change is projected to trend around 3.00 percent in 2022, according to our econometric models.