Decrease in personal monthly expenses

The monthly expenses of a person in Sri Lanka decreased in February compared to January, the Census and Statistics Department said.

 

They said the minimum amount required for a person in this country to meet their basic needs is Rs. 16,975 per month, and a person living in the Colombo district needs Rs. 18,308 to meet the minimum basic needs.

 

The Department revealed this while releasing the Official Poverty Line Chart for the month of February 2024.

 

According to the National Consumer Price Index released for this month, the main reason for the reduction of the poverty line was that inflation in the country has decreased compared to the previous month.

 

The Department further mentioned that the lowest monthly expenditure is Rs. 16,231 in the Moneragala district.