Alternative inflation rates
Problem and purpose. In 2019, official inflation reached the record low of 3,042 %, which is below the adopted inflation target of 4 %. First of all, this level of inflation plays the role of a politically correct social indicator. Despite the low CPI level, there is an opinion in society about h...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Omsk State Technical University, Federal State Autonomous Educational Institution of Higher Education
2020-10-01
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| Series: | Омский научный вестник: Серия "Общество. История. Современность" |
| Subjects: | |
| Online Access: | https://www.omgtu.ru/general_information/media_omgtu/journal_of_omsk_research_journal/files/arhiv/2020/%D0%A2.%205,%20%E2%84%96%203%20(%D0%9E%D0%98%D0%A1)/129-133%20%D0%93%D0%BE%D1%80%D0%B4%D0%B8%D0%B5%D0%B2%D0%B8%D1%87%20%D0%A2.%20%D0%98.,%20%D0%A0%D1%83%D0%B7%D0%B0%D0%BD%D0%BE%D0%B2%20%D0%9F.%20%D0%92..pdf |
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| Summary: | Problem and purpose. In 2019, official inflation reached the record low of 3,042 %,
which is below the adopted inflation target of 4 %. First of all, this level of inflation
plays the role of a politically correct social indicator. Despite the low CPI level,
there is an opinion in society about higher inflation. To clarify this issue, you can use
alternative indicators of price increases. The purpose of the article is to identify and
analyze alternative inflation indicators.
Methods. The article uses the analytical method. In particular, the main indicators of
inflation are analyzed.
Results. The analysis revealed indicators of price increases, which serve as alternative
indicators of inflation. The analysis carried out in the article allows us to determine
the versatility of inflationary processes and the possibility of the formation and use
of alternative indicators of price increases.
Conclusions. The analysis of inflation indicators showed that the price growth trend
is bearish. In the modern economy, real inflationary processes are less intense
compared with the data of various experts. The search for an indicator that really
reflects price processes is relevant. Today it is the CPI. Its value is important, as it is
used to adjust the minimum wage, pensions, benefits and can lead to a deterioration
in the standard of living of significant groups of the population |
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| ISSN: | 2542-0488 2541-7983 |