S Lanka November annual inflation eases to 4.7pc

COLOMBO, Nov 30 (Reuters): Sri Lanka's annual inflation slowed to 4.7 per cent in November from a year earlier, contrary to expectations of a rise, and was down from 5.1 per cent in October on a new consumer price index, government data showed Wednesday. Annual average inflation, measured by a 12-month moving average, slowed to 6.9 per cent this month, from October's 7.1 per cent. A poll by 10 analysts had expected annual inflation to rise to 5.3 per cent and annual average inflation to slow to 7 per cent. The department of census and statistics in June introduced a new index based on a 20062007 survey, replacing an earlier one that had 2002 as a base year.