Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) increased to 39.1% in May 2022 from 29.8% in April 2022. This increase in Y-o-Y inflation was driven by the monthly increases of both Food and Non-Food categories. Subsequently, Food inflation (Y-o-Y) increased to 57.4% in May 2022 from 46.6% in April 2022, while Non-Food inflation (Y-o-Y) increased to 30.6% in May 2022 from 22.0% in April 2022.

Mr. Anthony Nihal Fonseka was reappointed as a member of the Monetary Board of the Central Bank of Sri Lanka (CBSL) with effect from 26 May 2022. Previously, he served on the Monetary Board from July, 2016 to May 2020. 

He obtained his BSc Degree from the University of Ceylon, Colombo and is a Fellow of the Chartered Institute of Bankers, UK and a Honorary Fellow of the Chartered Institute of Securities and Investments, UK. He is a Senior Independent Director and Chairman of the Group Audit Committee of John Keells Holdings PLC, Chairman of Phoenix Industries Ltd., Non-Executive Director and Chairman of the Audit Committee of Brandix Lanka Ltd. and a Non-Executive Director and Chairman of Investment Committee of Phoenix Ventures Ltd.