Do we have to live with inflation?

One issue that has been bothering people most in recent times is the persisting inflation over the past several months. We hear that inflation in India was 7.5% in the month of May. But inflation in the Indian economy is a much more longer-term phenomenon. We will be surprised to hear that historically Indian inflation rate averaged 8% from 1969 to 2012, for more than 40 years!

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