Consumer Price Inflation in July 2014 rises after a recent falling trend. This has been due to the spike in vegetable and cereal prices, and also in other areas known only to the MOSPI (which releases this data) as “Miscellaneous”.
With fuel prices coming under some control, we don’t have that driving inflation, but food remains a large driver. And it’s gone up. “Others” above is the “Miscellaneous”.
Strangely we have seen a revision in the May WPI – and it’s strange because this data is almost never revised. In May we saw a figure of 7.31% which has been revised up to 7.46%.
And compared to the WPI: