Inflation and its modifications (on the terminological aspect)
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Date
2019
Authors
Journal Title
Journal ISSN
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Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
The traditional inflation index regrettably fails in developing countries. Some of the commodity groups do not reflect the problems of the low income population. Agrarian inflation – agflation, becomes more and more popular in economics. The paper proposes a statistical indicator – munflation, which reflects price fluctuations on medication, utilities and nutrition. Additionally, for countries where import exceeds export by several times, obviously, it is necessary that price changes be calculated for imported goods and services (imflation).
Description
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Keywords
Inflation, agflation, munflation, imflation
Citation
Economics and Business, №2, 2019, pp. 221-228