Navigating Inflationary Pressures: Addressing...

Navigating Inflationary Pressures: Addressing the Current Economic Challenge

Author Name : Dr. Jyoti Siwach

ABSTRACT

This paper examines the causes and strategies to mitigate inflationary pressures in the current economic environment. Inflation, the persistent rise in the general price level of goods and services, poses significant challenges for economies worldwide. The research explores the key factors driving inflationary pressures, such as increased demand, supply chain disruptions, and expansionary monetary policies. It analyzes the potential consequences of inflation, including reduced purchasing power, income redistribution, and economic instability. The study further investigates various strategies that policymakers can employ to mitigate inflationary pressures effectively. These strategies encompass both monetary and fiscal policy measures, such as adjusting interest rates, managing money supply, implementing targeted fiscal policies, and enhancing supply-side capacity. By understanding the causes of inflation and adopting appropriate strategies, policymakers can navigate the challenges posed by inflation and promote sustainable economic growth.

Keywords: Inflation, inflationary pressures, economic challenge, causes, mitigation strategies, demand, supply chain disruptions, economic instability, monetary policy, fiscal policy, interest rates, money supply.