CAL URBAN PRICE INDEX (CAL UPI)

The CAL UPI (+2.5% YoY) vs. CCPI (+4.2% YoY) in February 2014
CAL UPI (2012) vs. CCPI (2006/2007) 130 125 120 115 110 105 100 110.27 114.86 122.26 125.30

CAL UPI

CCPI

The CAL UPI rose by c.2.5% YoY, with the index increasing c.2.0% during the month (vs. a c.1.5% MoM increase last year). Food and Beverage (F&B) prices increased by c.2.1% MoM, while transportation, communication and energy increased by c.1.8% MoM. During the last 12months, F&B declined c.2.5% and transportation, communication and energy rose c.6.8%.

Food and Beverage prices increased by 2.1% MoM and declined 2.5% YoY Prices of beans, carrots, tomatoes and green chilies saw a sharper decline contributing to the fall in the F&B Index. The 2.1% MoM increase was driven by higher milk powder prices as a result of the price revision in January 2014 while the 2.5% YoY decline was driven by higher vegetable prices in February 2013 due to adverse weather conditions in early 2013.

Transportation, Communication and Energy increased by 1.8% MoM and 6.8% YoY Expenditure on transportation, communication and energy increased by c.1.8% (c.6.8% YoY) during the month due to a shorter electricity billing cycle (shorter cycles result in higher charges).

CAL Research
Level 5, Millennium House, No.46/58, Nawam Mawatha, Colombo 2 Tel: +94 11 231 7777 Email:calresearch@cal.lk

Note: The CCPI measures inflation for all consumers. The CAL UPI measures urban inflation for households earning more than LKR 80k/month

REFER p.2 FOR DISCLAIMER

CONTACTS

Research Team
Tel No: +94 11 231 7777 (General) Email: teamresearch@cal.lk

Head of Research Purasisi Jinadasa Tel No: +94 11 231 7786 Email: purasisi@cal.lk
Udeeshan Jonas Tel No: +94 11 231 7746 Email: udeeshan@cal.lk Thushani de Silva Tel No: +94 11 231 7777 (Ext: 7815) Email: thushani@cal.lk Devin Karunaratne Tel No: +94 11 231 7777 (Ext: 7814) Email: devin@cal.lk

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