« « Jobbers may soon lose their jobs
Inflation is the highest since WPI was indexed to 100 » »

Inflation at 12.01%

4 comments Written on August 7th, 2008 by
Categories: Commentary
Congratulations. We have now officially crossed 12% in reported inflation numbers.

Do note however, that we may experience turbulence and "revise" these numbers a few months down the line, in which case you will have EVEN higher inflation. Some of you are wondering that indeed, we may revise them downwards also? Pardon us, but we are laughing so hard our stomachs hurt.

We have revised our three month old data, which we initially reported at 8.75%, to a more believable 9.32%. So does this 12% of today mean we are actually at 13%? We'll tell you, in three months. Till then, please have a safe journey and fasten your seat belts.

Related Posts Plugin for WordPress, Blogger...

No related posts.

This entry was posted on Thursday, August 7th, 2008 at 1:21 PM and is filed under Commentary. You can subscribe to any comments to this entry via RSS 2.0. You can leave a response, or trackback from your own site.

About the Author: Deepak Shenoy
http://www.capitalmind.in
The man behind Capital Mind. Deepak has co-founded MarketVision, a financial knowledge startup. He has traded the Indian Markets for nearly a decade. Deepak lives in Gurgaon and fears using long words.

4 comments “Inflation at 12.01%”

>the reported number is 12.01% according to newspapers (except economic times).

amit
08.07.08 at 3:28 PM
Permalink Reply

>This is both sad and funny !!

Dhruva
08.07.08 at 6:05 PM
Permalink Reply

>amit: fixed, thanks!

Deepak Shenoy
08.07.08 at 7:04 PM
Permalink Reply

>ofcourse inflation will reach 13% within in a shortspan….

Anonymous
08.18.08 at 5:47 AM
Permalink Reply

Leave a Reply