Does reducing purchasing power of a consumer decrease inflation in the economy?

What is the procedure of Handling Multiple Inflation Rates?

How might a rapid rise in inflation harm you?  How might a rapid rise in inflation help you?  In answering this question consider your role as both a consumer, worker, and borrower.  Consider the likely effect on your real wages, and any interest you receive as a saver.  Would it be advantageous to borrow money if you expected inflation to rise?   Does it make economic sense to open a savings account at a bank given the latest increase in the CPI.

Distinguish between the general inflation rate and the average inflation rate for specific goods?

Find a product that you normally buy. Calculate the inflation adjusted price it should be now based on the original price for 1995 and see what the current price is compared to the calculated price. Has inflation affected the current price or have some other factors affected the price more? How does the affect the economy?  

How inflation starts in an economy? Use diagrams where necessary?

Why should the government not try to make inflation zero?

Inflation Winners and Losers Does inflation affect everyone in an economy equally? Who wins and loses and why? Do we all lose on some level?

How can the Equivalence Calculations be performed under Inflation?

Inflation rate for the developed country (New Zealand).