Producer prices in Sri Lanka increased 4.4 percent year-on-year in December of 2018, following an upwardly revised 4.2 percent rise in November. Prices rebounded for electricity and water supply (1.1 percent compared to -0.4 percent in November), mainly due to collection, purification and distribution of water (13.1 percent) and cost fell less for agriculture (-9.1 percent compared to -11.4 percent). On the other hand, prices rose less for manufacturing (12.9 percent compared to 14.2 percent in November). On a monthly basis, producer prices went up 1.4 percent after a 3.8 percent jump in November. Producer Prices Change in Sri Lanka averaged 7.18 percent from 2015 until 2018, 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 5.90 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 5.00 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.