Inflation Rate stands high on 12%

So at last the inflation has touched the 12% mark. Last week it was under 12% and many thought and hoped that it will remain under the 12% mark but unfortunately it has crossed. After 13 long years the inflation rate has reached all time high of 12%. If this scenario continues then the prices will rise and survival in this country will become difficult. It was earlier said that oil price hike in the global market is the main reason for the inflation rate, but the oil prices ahs gone down to some small percent but this inflation rate is still rising. Some strong economic reforms have to be done in order to balance the economy of the country; otherwise the nation has to suffer.