Why Inflation is hitting the World??

just go through the the charts given below.
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The effect can be seen on Dollar which has share of 71% as a world's reserve currency in 2001 which has fallen to 61% in 2010.

To support the supply on US Dollar in market others who has dollar as a reserve or doing their business with Dollar currency have to do the same, increase the money supply. (Or leave the dollar as a form of reserve currency)

other measure can be taken to control the inflation are:
1. Setting up commodity standards
2. "Hidden inflation" are there which are not measured such as black market transactions and Hidden quality deterioration; work on them.
3. Improve efficiency on the supply chain so that shortages will not be created.