"We have great respect for the scientists who signed the rebuttal to our article, but we are disappointed by their response, which misses our key point: the differences between the inflationary
theory once thought to be possible and the theory as understood today.
The book describes how the crisis of reality provoked by inflationary
media in the early modern period set the stage for the struggle between domination and freedom in our contemporary age of inflationary
On both occasions they were outvoted after the other committee members said there was insufficient evidence of inflationary
pressures to justify an immediate increase.
Headline inflation is moderate, but inflationary
pressures are increasing and are expected to continue doing so over the next two years.
The committee, however, observed that inflationary
pressures may moderate in the coming month on account of the recent stability in the exchange rate of the Kwacha.
In order to explain the relationship between these variables, Professor M.R Kumara Swarny proposed the unique and well-researched Kumara Swamy Theorem of Inflationary
Gap in his convocation lecture on Inflation and Economic Development of Nigeria delivered at the Institute of Management and Technology, Enugu, Nigeria on March 3, 1978.
Cynically, I might suggest a correlation between the true inflationary
billing practices of the medical industry and the inflation of medical language.
Maraj also said he expected inflation to average around 1.5 per cent this year as has been the case in the past: "The inflationary
rate has always been moderate in Bahrain and even recently the figure has been on the low side."
Overall inflation, driven by rising producer costs, explains most of the inflationary
pressures, while the pace of core inflation (CPI ex-food, energy, tariffs & tobacco) remained broadly unchanged at 5.0% yoy, pointing to rather modest demand-pull inflationary
pressure and stable inflation expectations.
The scale for the hike of basic pay in the previous two times was based on the inflationary
rate and economic growth rate.
"The management of inflationary
pressures in the medium term is critically dependent on an improvement in the supply response of agriculture to the expanding domestic demand and in the short-term by taking steps to moderate aggregate demand," he added.
"We maintain our view that inflationary
pressure will increase gradually over the remaining months of the year.
Were China to allow the Yuan to appreciate against the American dollar, this would help to alleviate domestic Chinese inflationary
India's central bank has raised its key interest rates in a bid to control rising inflationary
contain mounting inflationary
pressure, Yonhap News Agency reported.