ways of fixing high inflations

[{"selector":"#anim-51a2fd7b-9216-4391-9ecd-d5f9dc3473f4","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] The government should work towards curbing the demand-side inflationary pressures.

Government SHOULD REDUCE spending and implement measures to increase the supply of goods and services in the economy.

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The government should also focus on improving the investment climate in the country. This would help boost economic growth, leading to a moderation in prices.

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The country's central bank should continue adopting a tight monetary policy to bring down inflation.

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The government should also consider increasing the interest rates on savings bank accounts and other fixed-income instruments.

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The food subsidy bill, if any, should be reduced to reduce the prices of food items.

The import duties on various items should be increased to reduce the availability of imported goods in the country.

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The government should promote the production of essential goods and services in the country to reduce the dependence on imports.

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