Inflation Rate (CPI): Sri Lanka
Sri Lanka's inflation rate (cpi) is currently 1.2% as of 2024. # Sri Lanka Inflation Rate (CPI) Sri Lanka's inflation rate stands at 1.
Current (2024)
1.2%
-93.1% y/y
Peak (2022)
45.2%
Low (2024)
1.2%
Source
IMF World Economic Outlook
1980–2024 · 45 pts
Inflation Rate (CPI) — Sri Lanka
1980 — 2024
Inflation Rate (CPI) — Sri Lanka
Analysis# Sri Lanka Inflation Rate (CPI)
Sri Lanka's inflation rate stands at 1.2% in 2024, matching its all-time low since 1980. This represents a dramatic recovery from the nation's peak of 45.2% in 2022, when an acute economic crisis gripped the country. Over the 44-year measurement period, inflation has declined 95.4% from 1980 levels, reflecting substantial long-term price stabilization despite recent volatility.
The 2022 spike marked an extraordinary departure from historical norms, driven by severe foreign exchange shortages and fiscal strain. Sri Lanka's inflation halved from 45.2% to 17.4% within a single year, then compressed further to 1.2% by 2024. This sharp deceleration suggests successful monetary and fiscal stabilization measures. The current rate indicates inflation has returned to sustainable levels, positioning the economy for more predictable growth ahead.
Historical Data
45 Rows| Year | Value | Change % |
|---|---|---|
| 2024 | 1.2% | -93.10% |
| 2023 | 17.4% | -61.50% |
| 2022 | 45.2% | +653.33% |
| 2021 | 6.0% | +30.43% |
| 2020 | 4.6% | +6.98% |
| 2019 | 4.3% | +0.00% |
| 2018 | 4.3% | -34.85% |
| 2017 | 6.6% | +65.00% |
| 2016 | 4.0% | +81.82% |
| 2015 | 2.2% | -21.43% |
| 2014 | 2.8% | -59.42% |
| 2013 | 6.9% | -8.00% |
| 2012 | 7.5% | +11.94% |
| 2011 | 6.7% | +8.06% |
| 2010 | 6.2% | +77.14% |
| 2009 | 3.5% | -84.38% |
| 2008 | 22.4% | +40.88% |
| 2007 | 15.9% | +60.61% |
| 2006 | 9.9% | -10.00% |
| 2005 | 11.0% | +22.22% |
Show all 45 rows
| Year | Value | Change % |
|---|---|---|
| 2004 | 9.0% | +0.00% |
| 2003 | 9.0% | -6.25% |
| 2002 | 9.6% | -32.39% |
| 2001 | 14.2% | +129.03% |
| 2000 | 6.2% | +31.91% |
| 1999 | 4.7% | -50.00% |
| 1998 | 9.4% | -2.08% |
| 1997 | 9.6% | -39.62% |
| 1996 | 15.9% | +106.49% |
| 1995 | 7.7% | -8.33% |
| 1994 | 8.4% | -28.21% |
| 1993 | 11.7% | +2.63% |
| 1992 | 11.4% | -6.56% |
| 1991 | 12.2% | -43.26% |
| 1990 | 21.5% | +85.34% |
| 1989 | 11.6% | -17.14% |
| 1988 | 14.0% | +81.82% |
| 1987 | 7.7% | -3.75% |
| 1986 | 8.0% | +433.33% |
| 1985 | 1.5% | -90.96% |
| 1984 | 16.6% | +18.57% |
| 1983 | 14.0% | +29.63% |
| 1982 | 10.8% | -40.00% |
| 1981 | 18.0% | -31.03% |
| 1980 | 26.1% | — |
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