Producer prices in Sril Lanka increased 0.6 percent year-on-year in June 2019, easing sharply from a 2.4 percent rise in the previous month. It was the lowest producer inflation since July 2016, as prices rose less for manufacturing (6.3 percent vs 7.6 percent in June) and continued to fall for agriculture (-10.6 percent vs -7.1 percent). Meanwhile, cost rebounded markedly for electricity & water supply (4.8 percent vs -0.1 percent). On a monthly bases, producer prices went down 0.6 percent, after an upwardly revised 0.4 percent gain in the prior month. Producer Prices Change in Sri Lanka averaged 6.77 percent from 2015 until 2019, 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.
Producer Prices Change in Sri Lanka is expected to be 5.40 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 4.30 in 12 months time. In the long-term, the Sri Lanka Producer Prices Change is projected to trend around 3.80 percent in 2020, according to our econometric models.