- Wealth PMS
From last week’s 18.44%, the WPI release today for 29 Jan shows inflation at the Primary Articles level slowed down to 16.24%.
Unfortunately the dangerous past revisions (to data 2 months ago) seem to continue:
Onions crashed. Onion prices fell from 600+ in the week of Jan 22, down to 476 in the Jan 29 week. This 20%+ fall contributed to approximately 0.4% of the reduction week-on-week, but vegetables as a whole fell. I imagine that someone, somewhere is considering doing a media expose on how farmers are now contemplating rioting because of falling inflation.