Inflation is defined as a rise in the general level of prices and a fall in the value of money. It can be classified based on its rate into creeping inflation (under 3% rise in prices), walking inflation (between 30-40% rise in prices), running or galloping inflation (between 80-100% rise in prices), and hyperinflation (unexpected high rate of price increases). Inflation is measured using tools like the wholesale price index (WPI), which tracks the price of a basket of goods traded at the wholesale level on a weekly basis and includes primary articles, manufactured articles, and fuel/power/light. Factors influencing inflation on the demand side include increases in public expenditure, deficit