- Wealth PMS (50L+)
Primary Articles Inflation for the week ended 13 Aug 2011 perked up to 12.4%, a jump over the earlier week’s 11.64%.
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.
Even the 10% number is too high; but at least there’s a small chance of things getting better.