EFFECT OF INFLATION RATE ON POPULATION LIVING STANDARDS
Keywords:
Inflateon, real income, price growth, living standards, demand-pull inflation, cost-push inflation, hyperinflation.Abstract
This article provides a comprehensive analysis of the concept of inflation, its economic essence and key types, as well as the direct impact of inflation on the living standards of the population. Particular attention is given to how inflation affects real incomes, leads to social consequences, intensifies economic inequality, and causes financial instability in society. In addition, the article discusses governmental measures to control inflation, including monetary and fiscal policy tools, and highlights the importance of social protection mechanisms. Based on an analytical approach, the multifaceted effects of inflation are examined, and necessary economic strategies to ensure public welfare are substantiated
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