Sri Lanka Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
Sri Lanka's inflation rate was -0.43% in 2024, ranked 4th globally. This represents a 102.5% decrease from 2023. Data from World Bank, covering 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.
Sri Lanka's inflation rate has exhibited significant fluctuations over the past six and a half decades. The country's all-time peak of 49.72% in 2022, a year marked by severe economic challenges, starkly contrasts with the all-time trough of -1.54% in 1960. While Sri Lanka's inflation rate has since recovered, reaching -0.43% in 2024, it still lags behind a few of its peer countries, such as Barbados, which saw a comparable -0.44% inflation rate in 2024. Historically, Sri Lanka's economic downturns, particularly those linked to political instability and external shocks, have often been accompanied by rising inflation. As the country continues to navigate its economic trajectory, a return to fiscal discipline and prudent monetary policy will be essential to sustain a stable inflation rate, a prospect that would likely be bolstered by a strengthening recovery in global trade and a more stable global economic environment.
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 |
Detected Pattern
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
Sri Lanka's inflation rate was -0.43% in 2024. Ranked 4th globally. This represents a 102.5% decrease from the previous year.
Sri Lanka's inflation rate peaked at 49.72% in 2022.
The lowest inflation rate in Sri Lanka was -1.54% in 1960.
Sri Lanka ranks 4th globally in inflation rate as of 2024.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
The inflation rate of Sri Lanka in 2024 was -0.43%. This ranks 4th in the world.
Cite this page
@misc{historysaid_sri-lanka_inflation-rate,
title = {Sri Lanka Inflation Rate},
url = {https://historysaid.com/sri-lanka/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}