- Wealth PMS (50L+)
For the week ended 5 Nov, Primary Articles Inflation has come in at 10.39%, the lowest level since October 2009. This is good, in a way, and this is not even seeing too much of a base effect.
The WPI isn’t too useful for a consumer basket but it’s what we use to work our GDP numbers and interest rates. Encouraging though, but still sticking to the trendline; let’s wait and watch.