PA Inflation Down To 14.59% - Feb 5, 2011

Inflation seems to be coming under control, quite dramatically. The latest data  for Feb 5, 2011 shows a 14.59% headline number. It will no doubt be revised to 16% or more later, when no one remembers.

India WPI

What currently people don't remember, and was in the data today:

Headline data for 11 Dec, 2010: 15.35%
Revised data for 11 Dec, 2010: 16.94%

These are huge revisions, which means even the "benign" December monthly number of 8.43% will go up in the past-data revision that will happen in March.

However, that inflation is coming down is a good trend. Let's see if it lasts.