Looking beyond 11%

  • 23/06/2008

  • Business Standard (New Delhi)

Is suppressing inflation the answer to an underlying problem, or is it better to bring the problem to the surface as the first step towards addressing its causes and effects? Everyone who is shocked by the 11 per cent rate of inflation (as measured by the wholesale price index) for the week ending June 7, needs to figure out whether the problem is the figure of 11 per cent (the highest in 13 years