- Wealth PMS (50L+)
Inflation data is out. It’s now at 3.92%, a 1.5 year low.
The all-time low is 3.07% on 13 October 2007. But look at the slope at that time – there was no deflationary trend, just a flattening of the curve. This time, there’s a definite trend downwards.
If the Index stays at this level, even if it doesn’t go down further, we reach a deflationary environment by 11 April 09. Amazingly, election campaigning will be happening right then.
See also: Inflation at 6.61%, going lower