Its effect on the rate of inflation is already beginning to show through.

But no one is talking about a return to the old days of high inflation.

Such action could be done without risk of higher inflation, she said.

Actually, we don't seem to live in a time of inflation at all.

The rate of inflation has been 4.4 percent for the last two years.

In every other year, the rate of inflation has been more than 2%.

Water rates will also increase by more than the rate of inflation.

Either way, the increase between then and now would be well below the rate of inflation.

"What's the current price for a thought in these days of inflation?"

The level of inflation needs to be raised to 2007 levels.