Sri Lanka’s annual inflation rate rose to 6.5% in June, up from 5.4% in May, according to data from the Department of Census and Statistics.
The acceleration marks a reversal of the cooling trend observed in recent months, as measured by the National Consumer Price Index (NCPI).
The uptick follows a period of gradual disinflation, with the rate having climbed to 5.4% in May from 4.7% in April.
The renewed pressure suggests that underlying price dynamics remain volatile, potentially complicating monetary policy decisions aimed at stabilizing the economy.
Investors and traders will be watching for signs of whether this acceleration is a temporary blip or the start of a new inflationary cycle.
The data adds to concerns about the durability of the country’s economic recovery, particularly as global commodity prices and domestic supply chain issues continue to exert upward pressure on consumer costs.