Is rising Inflation a matter of concern?

Offcourse, the rising inflation is matter of concern, we have seen that food inflation that is at 17.40 % on 16 jan,2010, which is very high. The prices of food items are increasing. the potatoes prices has been soared by 50% plus. Similarly the prices of most of the essential commodities , vegetables, pulses , sugar are soaring. The Reason for increasing the prices is lack of supply, In india the inflation is measured by WPI, the non food inflation has reached from 1.32 to 4% approx, and the prediction is that it will touch to 8%. To control this rising inflation , the RBI has hiked CRR.So the govt is taking steps to control this sharp rise in Inflation.This is one of the major problems besides infrastrutre, Fiscal deficit etc.