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Economy

Weekly Inflation at 12.11% (PA), Huge Revisions

Primary Articles and Fuel Inflation are going up yet again. Primary articles was up 12.11% from last year and Fuel was up 13.53%.

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And then, Look at the past revisions once again – a whopping 1.9% higher inflation than earlier released!

Originally declared for 26 Feb: 13.96%

Revised today for 26 Feb: 15.86%

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There’s talk of a Rs. 5 hike in Diesel and perhaps just about that much in Petrol. You can imagine what that will do to reported inflation. (Of course, it will bring demand down eventually, but it will in the process make a lot of things more expensive)

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