Primary articles inflation (mainly food) was announced at 14.75% but as usual what is worry is the restatement of past data. Primary articles inflation of 18th June was revised to 16.92% up from the earlier reported14.75%. Click the below figures for more.
That just means the latest figure could be revised to as much as 2% higher. We’re inflating much higher than we’re being told? At least at the food level.