Since the 1990-91 recession ended, the economy has moved ahead without interruption, and inflation has been dormant.
Still, inflation has been tolerable for China in recent years for the most part.
Inflation has also prompted a massive amount of borrowing for corporate takeovers and stock buybacks.
The CPI measure of inflation has generally risen by 0.7% a year less than RPI.
"Inflation has been remarkably quiet of late, " the International Monetary Fund observed last week.
The economic slowdown combined with high rates of inflation has been worrying business and industry leaders.
Inflation has cut into the real value of wages and profits, pushing up poverty again.
Inflation has a negative impact on the insurance industry for a variety of reasons.
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This explains why inflation has been creeping up in China and elsewhere in the region.
Rising inflation has pushed wages higher, a new report from research group Incomes Data Services suggests.
Targeting inflation has been a key plank of economic orthodoxy around the world for decades.
Inflation has been creeping up as the U.S. economy begins to exhibit signs of life.
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With this, and higher bank reserve requirements, inflation has dropped to 3.2 percent year-on-year for February.
Inflation has to be controlled, and oil and transportation costs affect many areas, including food costs.
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But the problem with this thinking is that inflation has always coincided with slow economic growth.
Over the last year, inflation has already hit commodities hard, with food prices eclipsing record highs.
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Such a possibility may seem absurd, considering the rate to which inflation has dropped.
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Inflation has always been viewed as a consequence of poor economic policies or planning.
Inflation has come off, but is still high at over 7%, Mr. Subbarao said.
Anyway, since inflation has subsided around the world, Labour should not get much of the credit.
The Bank of England's successful squeeze on inflation has also helped to stabilise pay bargaining.
Inflation has also stabilised, edging downwards from 5.3% in August to 5.2% in September.
In fact, on a two-month basis, core inflation has actually fallen to 2.0% (see chart).
Inflation has been subdued, although the prices of some key commodities have increased recently.
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The nation's inflation has gone up by 30%, according to Sudanese Finance Minister Ali Mahmud.
House-price inflation has been slowing since it reached a peak of around 25% a year ago.
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Inflation has been the main headache as far as the common man is concerned.
The economic slowdown combined with high rates of inflation has been worrying India's business and industry leaders.
High inflation has been a downer for equity markets in Brazil, Russia, India and China this year.
The south African country's inflation has been in chaos since December 2004 when it soared to 622.8%.
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