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Economy

New WPI Shows Much Higher Inflation: 16.22%

As the Wholesale Price Index changes series to the 2004-05 base year, the changes in Primary Articles Inflation are huge.

Primary articles inflation in the new index shows a MUCH higher inflation figure a few months earlier, peaking at 22.4% in March 2010, versus the older series peak of 18.4%. Worrisome in a small way is the sudden jump in Primary Articles inflation to 16.22% in the new index, a five week high.

Primary Articles Inflation at 16.22%

And the differences between the new and old indices are highlighted here:

WPI Series Change: Differences

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