"Inflation has increased 5 percent in recent days," he said.

As a result inflation increased and remained a problem for the southern states throughout the rest of the war.

The money supply was kept limited and inflation increased at 8 percent, the lowest rate in 20 years.

Inflation has increased significantly this year, standing at 7.8% - the highest for seven years.

Inflation also increases government revenues, reducing the real future cost.

Inflation has been increasing steadily this year and is now running at double last year's rates.

The committee was divided, though, about whether inflation would increase in coming months and whether rates should change.

For one thing, inflation and competition were ever increasing.

In addition, inflation increased by 450 percent, imposing great hardship on the lower and middle classes.

Myth No. 5: Higher gold prices mean inflation will increase.