When it comes to politics, inflation is no longer what it used to be

There is near total political silence around inflation with neither politicians nor their parties caring to take it up

The recent action by the Reserve Bank of India (RBI) has once again focused attention on a peculiar thing that has been happening since 2004.

Inflation is no longer a political issue or at least, not as potent an issue as it used to be. Politicians and their parties no longer care to take it up — even though the CEO of a top consumer goods MNC in India says he has not seen inflation like this in 30 years.

Look at the prices. Food and fuel prices have been galloping along. So have the prices of a whole range of goods,