Sri Lanka Inflation Rate 1960-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Sri Lanka inflation rate for 2023 was 16.54%, a 33.18% decline from 2022.
  • Sri Lanka inflation rate for 2022 was 49.72%, a 42.71% increase from 2021.
  • Sri Lanka inflation rate for 2021 was 7.01%, a 0.86% increase from 2020.
  • Sri Lanka inflation rate for 2020 was 6.15%, a 2.63% increase from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Ghana 38.11%
Egypt 33.88%
Lao PDR 31.23%
Pakistan 30.77%
Nigeria 24.66%
Sao Tome and Principe 21.26%
Sri Lanka 16.54%
Angola 13.64%
Moldova 13.42%
Ukraine 12.85%
Zambia 10.88%
Kyrgyz Republic 10.75%
Mongolia 10.35%
Bangladesh 9.88%
Tunisia 9.33%
Nicaragua 8.39%
Kenya 7.67%
Cameroon 7.38%
Honduras 6.66%
Lesotho 6.34%
Morocco 6.09%
Philippines 5.98%
Solomon Islands 5.89%
West Bank and Gaza 5.87%
India 5.65%
Mauritania 4.95%
Kosovo 4.94%
Republic of Congo 4.30%
Bhutan 4.23%
El Salvador 4.05%
Indonesia 3.67%
Vietnam 3.25%
Bolivia 2.58%
Georgia 2.49%
Papua New Guinea 2.30%
Cambodia 2.13%
Djibouti 1.50%
Sri Lanka Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2023 16.54% -33.18%
2022 49.72% 42.71%
2021 7.01% 0.86%
2020 6.15% 2.63%
2019 3.53% 1.39%
2018 2.14% -5.57%
2017 7.70% 3.75%
2016 3.96% 0.19%
2015 3.77% 0.59%
2014 3.18% -3.73%
2013 6.91% -0.63%
2012 7.54% 0.83%
2011 6.72% 0.50%
2010 6.22% 2.75%
2009 3.47% -19.10%
2008 22.56% 6.72%
2007 15.84% 5.82%
2006 10.02% -1.62%
2005 11.64% 4.06%
2004 7.58% 1.26%
2003 6.31% -3.24%
2002 9.55% -4.61%
2001 14.16% 7.98%
2000 6.18% 1.48%
1999 4.69% -4.67%
1998 9.36% -0.21%
1997 9.57% -6.36%
1996 15.94% 8.26%
1995 7.67% -0.77%
1994 8.45% -3.30%
1993 11.75% 0.36%
1992 11.38% -0.80%
1991 12.19% -9.31%
1990 21.50% 9.93%
1989 11.57% -2.42%
1988 13.99% 6.27%
1987 7.72% -0.26%
1986 7.98% 6.50%
1985 1.48% -15.16%
1984 16.64% 2.67%
1983 13.96% 3.14%
1982 10.83% -7.14%
1981 17.97% -8.18%
1980 26.15% 15.41%
1979 10.73% -1.41%
1978 12.14% 10.92%
1977 1.22% -0.10%
1976 1.33% -5.30%
1975 6.63% -5.68%
1974 12.30% 2.68%
1973 9.63% 3.28%
1972 6.35% 3.68%
1971 2.67% -3.20%
1970 5.87% -1.59%
1969 7.46% 1.60%
1968 5.86% 3.67%
1967 2.19% 2.34%
1966 -0.16% -0.38%
1965 0.22% -2.97%
1964 3.20% 0.92%
1963 2.27% 0.77%
1962 1.50% 0.37%
1961 1.13% 2.68%
1960 -1.54% 2.68%