The rise in food inflation was a shocker.
Prices jumped 18.3 percent giving the government and the RBI an uneasy feeling, and the stock market a big disappointment.
In spite of promises, it looks like headline inflation will not drop below 6 percent by March.
Image: Telugu Desam Party (TDP) activists shout slogans as they hold portraits of India's ruling Congress party President Sonia Gandhi and Prime Minister Manmohan Singh during a protest against hike in prices of essential commodities in Hyderabad
Text: Pai Panandiker (via Reuters)
The views expressed in this column are the author's own and do not represent those of Reuters