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Economy

Food Inflation 15.4%, Revisions Still Scary!

Primary Articles Inflation – which is mostly food – is now up to 15.4% on August 28, 2010, with the index at an all time high of 314.

India Primary Articles WPI and Inflation, August 28, 2010

What’s still scary is the past revisions – data is revised about two months after the initial release. The primary articles inflation on July 3 has been revised to 17.31% from the earlier reported 16.25%.

While the amount of discrepancy has narrowed from 2% to 1% it still remains too high. We shouldn’t have more than a few basis points of difference, really – and what’s more of concern is, are we really at higher levels of inflation today?

India primary articles inflation, Revision Differences

Note: Good rainfall. Maybe too much. Still, should help supply problems. The Government of course is CREATING supply problems by buying up veggies and letting them rot.

Posts on Inflation:

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