News > Time to take inflation seriously as ripple effect may maul the economy

Time to take inflation seriously as ripple effect may maul the economy

The recent retail inflation spike has brought the macro concerns back on the policymaker’s radar. Diverse views have been expressed from various quarters in the government -- ranging from why in the first place should food inflation decide the policy rates; call for a policy rate cut; and that barring food price spikes, inflation is not a challenge. The last point was made by Department of Economic Affairs Secretary Ajay Seth at FICCI on Wednesday.