Inflation Woes

The surging inflation in the Indian Economy is a real worry for the govt, RBI and the people.
As on date 16-May- 2008 the Inflation rate stood at 7.83%.The rising inflation will propel RBI to take stringent monetary policy which will slow the economy.
The result of fiscal and administrative steps taken by the govt. will definitely start showing. Also with the rise in the production of food grains we hope Inflation will ease out during July-2008.