Inflation Sri Lanka 2024
Average inflation: -0.4%
Current Inflation
There is deflation with consumer prices declining by 0.4%.
Peak and Trough
The highest inflation was in January at 6.5%. The lowest inflation was in December at -8.2%.
- Highest month
- January: 6.5%
- Lowest month
- December: -8.2%
- Difference
- 14.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 2.5%. The lowest price increase was in Energy with an average of -7.3%.
- Highest increase
- Core inflation: 2.5%
- Lowest increase
- Energy: -7.3%
Historical Context
Current inflation is 16.8% lower than the 5-year average of 16.4%.
- 5-year average
- 16.4%
- 10-year average
- 10.3%
- All-time high (2022)
- 49.3%
- All-time low (2024)
- -0.4%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +20.2 percentage point.
- Change vs. previous year
- -20.2 percentage points
- Largest monthly swing
- February: -48.5 percentage points
ECB Target
Inflation is 2.4% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 6.5% | -46.7 |
| February | 5.1% | -48.5 |
| March | 2.5% | -46.7 |
| April | 2.7% | -30.9 |
| May | 1.6% | -20.5 |
| June | 2.4% | -8.4 |
| July | 2.5% | -2.1 |
| August | 1.1% | -1.0 |
| September | -6.2% | -7.0 |
| October | -6.7% | -7.7 |
| November | -8.1% | -10.9 |
| December | -8.2% | -12.4 |
| Average | -0.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.