On a week-on-week basis, the weekly inflation, measured by the Sensitive Price Index, rose 0.78 per cent, showing a rising trend for the past four consecutive weeks
Domestic equities had weak handover from its global peers as high US inflation and mounting trouble in China's real estate market dented the sentiments
Sri Lanka said that its inflation has dropped to 6.3 per cent, a single-digit figure for the first time in two years, providing much-needed relief to the people amidst the worst financial crisis.
The INSEE contributes the downward trend in inflation to lower energy prices and a slower increase in the prices of food products (for the fourth consecutive month) and of manufactured goods.
Investors now await retail inflation data for June to be released later today. Analysts expect inflation may see an uptick due to the sharp rise in tomato and a relative spurt in prices of pulses.