Per Newtons III law :: Inflation is good too

Like me, I understand that all of u must b hearing of rocking drum of Inflation. Though it seems to be the biggest problem at hand for and it is. Havin said that, there are some gud points that are coming to mind -

First ..What exactly this inflation means.
As far as I understand, it is the YoY% increase in prices of basic commodities like wheat, rice, oil etc. Now the question is, who
determines these prices. Currently bcaz of non-availability of timely market rate of comodities, r country is still following the use
decades old method of "Whole sale price Index" of the week which is 2 week old of today.

Now apart frm all the other bad things abt inflation, the things that creates a diff view in ma mind are -

1) A rising inflation probably a well advertised one gives ample opportunities to SELLERS to raise their prices. eg : If something as basic as a Veg Thali (Rs 40 to Rs 50) got a price increase of abt 25%. While this increase in is completely
justified ..seeing an inflaton figure of abt 10%. But what will happen if inflation settles down to say abt 6% by nxt month or so. Do u think that anybody is going to reduce their prices... NO NO NOOOOOOOOOo. All in all ... a pinch for a month ....
a massage for lifetime for sellers.

2) As per Indian govt, majority of ..not so rich people are farmers... I don find any reason ..why high inflation will not fetch them a better amount for their produce. Though I also agree that the middlemen will be more benefitted.

3) Last but most important, Inflation is the best thing .. to make people learn .. the value of precious resources like oil, food etc.

I feel that Inflation is not gud but its NOT THAT BAD either. Its just the lower middle class that is hit most..who are mostly on fixed salaries .. which in fact comes to pressure for a reduction. The rich increses their their prices of products from their factories. The poor also.. follows the same path of fetching more for their produce or services.

What ur say is?