See Correction In Food Inflation Going Ahead: DK Joshi
  • Elizabeth George
  • Oct 15 2013

October 15: DK Joshi, Chief Economist at CRISIL, says the inflation data was a surprise as it was more than markets expected. Food inflation is alarmingly high in spite of a good monsoon and food stocks, he says, adding that fuel inflation is another concern. Higher core inflation comes from the supply shock due to a weak currency; companies are unable to absorb this and are passing them on, he says.