• First Capital Research says prices of food items have been on the rise since Jan.
• Food prices on the up despite record rice harvest and renaissance in agri sector
According to an analysis carried out on the prices in the economy by First Capital Research (FCR), the prices of food items have been on the rice since January 2021, at high single digits, while the nonfood prices remain subdued, rising less than 2.0 percent.
Sri Lanka’s overall prices, as measured by the Colombo Consumer Price Index (CCPI), rose by 3.0 percent in January from a year ago, accelerating to 3.3 percent in February.
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