Hi Rising prices is the alarming topic of present day. What can we do to reduce it...

Hi Akki,

Well, from a recent article that I read , the following two changes are more welcome into an economy that has its hands on reducing or controlling inflation:
1. A no. of recent studies suggest that countries with currency board have been successful in bringing down inflation.Currency boards have been instituted to gain credibility, following a period of high inflation.
2. An alternative to this currency board is to have a flexible exchange rate regime and to give the central Bank(RBI) independence and a clear mandate for price stability.