Economy Inflation shock: Is Indian economy staring at stagflation? Not really Updated : January 16, 2020 01:05 PM IST Food inflation has risen to over 12 percent YoY, the highest in 6 years. A tight monetary policy is probably the last thing the economy needs right now. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.