Abstract
Inflation rate is one of the most important macroeconomic indicators, which influence interest rates, exchange rates, consumption and investment. Uncontrolled growth of prices influence a lot of social dimensions: real incomes, purchasing power, costs and quality of life, etc. Ability of government to control inflation is a sign of effective economic policy, including monetary policy. It also reflects the level economic development and performance of economic self-stabilizers, shows the soundness of economic system. Inflation now is a problem of great importance for the global economy.
Keywords
inflation, creeping inflation, hyperinflation, stagflation, deflation, inflation indices, inflation expectations, monetarism, monetization, refinancing, required reserves, targeting inflation and foreign currency reserves, refinancing commercial banks, open market operations, functional economic systems, rampant inflation, supergiperinflacia
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