Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Charts & Analysis

PA Inflation at 12.40%, Past Data Revised Down

Primary Articles Inflation for the week ended 13 Aug 2011 perked up to 12.4%, a jump over the earlier week’s 11.64%.

Primary Articles Inflation

But there’s some good here. Past revisions have been going the other way; for the week ended 18 Jun, the original report was 11.84% – the revision has taken the inflation DOWN to 11.84%. This downward revision of past data is a good sign; hopefully whatever error they corrected will mean that inflation today is lower than first announced.

image 

Even the 10% number is too high; but at least there’s a small chance of things getting better.