Primary Articles Inflation for the week ended July 9 2011 came in at 11.07% today, slightly lower than last week’s 11.45%.
I’ve pushed the last year’s number a little further in the graph to see how inflation is likely to behave going forward. It needs to flatten and stay that way the next six weeks. Inflation last year moderated a little bit, in terms of price indexes being constant. But don’t let that get your bearish signals down, because the crazy revisions continue:
At a ridiculous 1.5% we are still revising too much. Data of the week ended 14 May was revised to 13.28% from the first announced 11.60%.
