STATISTICAL CALCULATION OF THE INFLATION RATE AND ITS IMPACT ON THE ECONOMY
DOI:
https://doi.org/10.55640/Keywords:
Inflation, inflation rate, statistics, economy, price index, economic growth, money supply, monetary policy, price changes, inflationary pressure, competitiveness, cost index, social impact, international trade, economic stability.Abstract
This article analyzes the methods for calculating the level of inflation and its economic impacts. In short, inflation plays a crucial role in ensuring economic stability by measuring price changes. This paper demonstrates how to calculate the inflation rate through key indicators such as the price index, consumer price index, and producer price index. Additionally, it examines the effects of inflation on economic growth, consumption, investment, and social strata. The role of the central bank in monetary policy and methods for controlling inflation will also be a focal point of discussion. As a result, the article sheds light on theoretical and practical aspects that aid in a deeper understanding of the relationship between inflation and economic growth.
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