THE EFFECT OF INFLATION ON ECONOMIC DEVELOPMENT

In this article, we discussed inflation and its role in the economy. In addition, inflation refers to the quality of money that leads to an increase in the general level of prices. The level of inflation is represented by an increase in average prices or adecrease in the quality of money. Inflationary urgency refers to the extent to which an increase in inflation or a decrease in the quality of money can occur. In general, to determine the relevance of inflation, it is necessary to compare it with other financial indicators. For example, resources used for production, goods purchased by consumers, employment, real wages and other financial indicators are important factors in determining the level of inflation.

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