- Wealth PMS (50L+)
Inflation at the Primary Articles Level is now at the lowest since 2005. (I couldn’t get the earlier data since it’s in a different base year)
This was the time onion prices spiked last year, and so did primary articles inflation.
Continuing on, primary articles won’t make too much of a difference to us; the inflation will have moved to fuel and manufactured goods, where the impact of the 20% drop in the rupee will hit first.