Introduction Inflation, defined as a sustained increase in the general price level of goods and services, has re-emerged as a major global economic challenge in recent years. After a prolonged period of low inflation following the Global Financial Crisis of 2008, the world witnessed a sharp surge in inflation, particularly after the COVID-19 pandemic. This…
Introduction Inflation and economic growth are two of the most crucial macroeconomic variables that shape the performance of an economy. While economic growth indicates the rise in a country’s productive capacity and output over time, inflation refers to the persistent increase in the general price level of goods and services. The relationship between these two…
Introduction Inflation is one of the most discussed concepts in economics because it affects every individual, household, business, and government. At its core, inflation represents a general rise in prices over a period of time. While moderate inflation is often considered a sign of economic growth, uncontrolled or excessive inflation can destabilize economies and harm…