Primary Articles (Food mostly) has shown an inflation of 18.31% with the new index going up substantially last week to cross 180.
There is a lag between inflation appearing in food to manufactured products (which is about 65% of total WPI); food price increases will trigger higher wages but only after a while when people realize they can’t live with current wages. Only then does it reflect in manufactured product prices. We have had high inflation for around 10 months now.
Posts on Inflation:
- Sep 24, 2010: Primary Articles Inflation at 16.8%
- Sep 18, 2010: New WPI Shows Much Higher Inflation: 16.22%
- Sep 14, 2010: Monthly Inflation for Aug 2010 at 8.5%
- Sep 9, 2010: Food Inflation 15.4%, Revisions Still Scary!
- Aug 27, 2010: Food Inflation at 14.75%, Scary Revisions of 2%+
- Aug 16, 2010: July Monthly WPI at 262.5, Inflation at 9.97%
- Aug 3, 2010: Deflation is Really Bad: Or, What Is Krugman On?
- (More on Inflation)
Related posts:
- Primary Articles Inflation at 16.8% Primary articles inflation goes to 16.8%, increasing slightly from the...
- Inflation: Primary Articles at 15.2% We continue the “Scary Revisions” series of Primary articles inflation...
- New WPI Shows Much Higher Inflation: 16.22% As the Wholesale Price Index changes series to the 2004-05...
- Monthly Inflation for Aug 2010 at 8.5% With the new WPI Base series (2004-05) coming into play...
- Food Inflation 15.4%, Revisions Still Scary! Primary Articles Inflation – which is mostly food – is...
