Insight - Inflation, a public enemy

Persistent high inflation erodes the real value of money; and hurts the consumers purchasing power. A mild and small inflation (less than 2%) is good to combat against price deflation, which is most harmful for the economy.

INFLATION has surfaced across many global economies. It is higher in the United States, eurozone and India compared to others.

There are signs that strong inflationary pressures would stay longer in the coming months.