Inflation


The concept explains inflation, its benefits and drawbacks and provides useful case studies and step-by-step advice on how to calculate and measure it.

Technique Overview

Inflation

Inflation Definition

Inflation is the phenomenon of rising prices. The effect may be due to fast growth in GDP (demand-pull inflation) or an increase in raw materials and/or production costs (supply-side/cost-push inflation). An exaggerated inflationary process is called hyperinflation (Conway, 2009).

Inflation Description *

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Business Evidence

Strengths, weaknesses and examples of Inflation *

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Business Application

Implementation, success factors and measures of Inflation *

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Professional Tools

Inflation videos and downloads *

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Further Reading

Inflation web and print resources *

Inflation references (4 of up to 20) *

  • Baumol, W.J., Blinder, A.S. (2010). Macroeconomics: Principles and Policy. Cengage Learning.
  • Bloomberg (2011). China Inflation Surging to Fastest in 3 Years Weakens Case for Rate Pause. Jul 9. Available at: http://www.bloomberg.com/news/2011-07-09/china-inflation-surging-to-fastest-in-3-years-weakens-case-for-rate-pause.html.
  • Ciccarelli, M., Mojon, B. (2005). Global Inflation. European Central Bank. Working Paper Series, n.537.
  • Conway, E. (2009). 50 Economics Ideas You Really Need to Know. Quercus.

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