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Economy

PI WPI Inflation: 12.66%. Big Past Revisions Continue

Primary Articles Inflation as of 27 Nov 2010 is now at 12.66%, down from the 12.72% reported last week. This is because of a large base impact – last year had seen a big rise at this time. The issue is that going forward, the index flattened out last year – and it needs to do the same thing this year as well.

India WPI at 12.66%

Bigger issue? Past revisions. the 2 october data was revised to 19.65%, a much higher figure than the 18.54% earlier reported. Look at the revisions (since the base year of the index was moved from 93-94 to 04-05)

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I wonder if that spooked markets today? Oh, we’ll know soon enough.

Previous Inflation Posts:

(More on Inflation)

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