Before the twentieth century, inflation was more or less sporadic. There were intermittent episodes of runaway prices, superimposed on a general upward tilt in prices. We are now in the Age of Inflation; inflation has become a way of life. The public focuses particularly on short-term price...

Rice production in most of Asian countries has been increased more rapidly than population and this has been led to increase in supply and proportionately decrease in the real price of rice in world and domestic markets. Furthermore, together with growth in production and national gross income...