india and inflation

I am not an economist. But I wonder whether black money, being outside the direct control or purview of government, increases the inflationary pressure on economy. In other words does black money reduce the amount of control the national agencies have to reign in inflation.
Have we crossed the critical-black-money-mass? Are we going into a runaway-meltdown?
I hate black-money, because I don’t have any :P.
At this rate how frequently do you think you’ll need a market equalization in salaries?

P.S: Motivation of inflationary index prediction of 13% towards year end makes me feel like WT*. Ya, I understand that its just a “prediction”, but current data is not so good either :(

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