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Commentary

Inflation at 12.01%

Congratulations. We have now officially crossed 12% in reported inflation numbers.

Do note however, that we may experience turbulence and “revise” these numbers a few months down the line, in which case you will have EVEN higher inflation. Some of you are wondering that indeed, we may revise them downwards also? Pardon us, but we are laughing so hard our stomachs hurt.

We have revised our three month old data, which we initially reported at 8.75%, to a more believable 9.32%. So does this 12% of today mean we are actually at 13%? We’ll tell you, in three months. Till then, please have a safe journey and fasten your seat belts.