- Wealth PMS
Primary Articles Inflation was at 11.75% for the week ended 15 October 2011, up from last week’s 11.18%. This is expected, to a certain extent as the index levelled off here last year. The lower base is in existence till November 5.
Interestingly, the number for 20 August was revised DOWN by 0.39% from 12.93% down to 12.54%.
This number is still too high. At this rate of move, we’ll still be above 8% in December, and remember that the current level is already 10% higher than March end 2011. (the index had a local peak in Jan)