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Charts & Analysis

PA Inflation At 12.93% for 20 Aug 2011

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.

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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.