Inflation, its causes and consequences

Abstract

The economic crisis has various negative consequences, among which there is a considerable growth of inflation. As a result the prices increase for different categories of goods and devalue the savings of the population in national currency. Managing inflation is a major problem for economic policy. To reduce the rate of inflation it is necessary to take measures for carrying out a wide complex of anti-inflation measures. The article describes the main reasons of inflation, highlights the social and economic consequences of its occurrence. It also analyses the current state of the Russian financial market inflation and describes inflation forecasts for the future periods.