Almost since the new government took place in office in 2014, discussion on economic indicators tend to become highlights. Whether it is about GDP growth figures, FDI guidelines, NPA mess or Inflation figures it attracts lots of attention from media and public both. Inflation figures are somewhat more special than other economic indicators. A reason for this is the decade old tussle between the central Bank RBI and the central government. Another and a somewhat more important reason for such huge attention is a direct and immediate impact of inflation on the public. They feel it every time when goes to market, it remains fresh in their memories.
Though it is a very good sign and indicate public awareness & interests. It also creates worries, because inflation is not a simple term and has many dimensions. It is not just an economic word which can be utilize to define or make policy decision by treating it just as an indicator of prices. People often might get misled and become victims of someone else agenda.