Primary Articles Inflation for the week ended 30 July 2011 is up to 12.22% after being around the 10% range in the last two weeks. The sudden upsurge gives us the highest primary articles inflation since 11 Jun and in a way reverses the downtrend on inflation.
Strangely, there were no past revisions for the week of 4 Jun. I don’t know whether there really were no revisions or whether the revised figure was exactly the same – we’ll know next week. If this is the latter, then we might have seen the last of the huge upward past revisions (some relief).