- Wealth PMS (50L+)
The Primary Articles Inflation (index is given weekly) is up to 12.93% for the week ended 20 August 2011, showing a spike up from the 12.4% last week, and resuming the uptrend.
With the index now at 200, this is this highest it has ever been. But note the steep rise in Primary articles inflation last year all the way to December – the base rise of last year may keep inflation moderate this year.
Also, the earlier revisions – of 25-Jun this time – has brought that figure DOWN, from a first announced 11.56% to a revised 10.94%. Downward revisions have happened for the last three weeks but the magnitude is going down; at this point I think it’s a temporary phenomenon.