Home Sri Lanka Prices & Inflation Inflation Rate

Sri Lanka Inflation Rate

Consumer price inflation, annual %  FP.CPI.TOTL.ZG

-0.43% −17.79pp (-102.5%)
Year 2024 Rank #4 Global Peak 49.72% (2022) Source World Bank

Sri Lanka Inflation Rate (1960–2024)

Overview

Sri Lanka's inflation rate stood at -0.43% in 2024, a decline of +17.79pp from 2023. Sri Lanka ranked 4th globally.

Data & projection

Year Inflation Rate YoY change Rank
2024 -0.43% −17.79pp #4
2023 16.54% −28.67pp #171
2022 49.72% +43.77pp #187
2021 7.01% +2.45pp #152
2020 6.15% +1.85pp #164
2019 3.53% −0.74pp #139
2018 2.14% −4.44pp #86
2017 7.70% +3.72pp #168
2016 3.96% +1.73pp #145
2015 3.77% +0.98pp #136
2014 3.18% −3.70pp #120
2013 6.91% −0.64pp #167
2012 7.54% +0.81pp #165
2011 6.72% +0.50pp #141
2010 6.22% +2.71pp #150
Show all years (1960-2024)

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +38.3% GDP growth 5.0% C/A balance 1.2%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Sri Lanka matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw inflation rate improve within 24 months. View full analysis →

Frequently Asked Questions

What is Sri Lanka's inflation rate?

Sri Lanka's inflation rate was -0.43% in 2024. Ranked 4th globally. This represents a 102.5% decrease from the previous year.

What was the highest inflation rate in Sri Lanka?

Sri Lanka's inflation rate peaked at 49.72% in 2022.

What was the lowest inflation rate in Sri Lanka?

The lowest inflation rate in Sri Lanka was -1.54% in 1960.

How does Sri Lanka rank in inflation rate?

Sri Lanka ranks 4th globally in inflation rate as of 2024.

What is the World Bank indicator code for inflation rate?

The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.

What is the inflation rate of Sri Lanka in 2024?

The inflation rate of Sri Lanka in 2024 was -0.43%. This ranks 4th in the world.

Cite this page

APA
Sri Lanka Inflation Rate. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/sri-lanka/inflation-rate
BibTeX
@misc{historysaid_sri-lanka_inflation-rate, title = {Sri Lanka Inflation Rate}, url = {https://historysaid.com/sri-lanka/inflation-rate}, publisher = {HistorySaid}, year = {2026} }