India, Nov. 2 -- We are all feeling the slow boil. Inflation is one of modern life's inevitabilities, as certain as death and taxes. Prices rise, currencies thin, and what once bought a quick mid-day sandwich is now barely enough for just the bread. This eats quietly through every wallet: rich, poor and those in-between. The poor feel it first and hardest; every rise in prices chips away at necessities, not choices. The middle-class watch savings shrink. The affluent can hold out longer and smile through the squeeze, but eventually everyone feels the erosion, not just of wealth, but of certainty. A little inflation is considered healthy because it signals that demand is alive, and production is expanding. As the economist John Maynard Keyne...