Inflation and its modifications (on the terminological aspect)

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Ivane Javakhishvili Tbilisi State University Press
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).
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Inflation, agflation, munflation, imflation
Economics and Business, №2, 2019, pp. 221-228