Inflation Control

Inflation control refers to measures taken by governments or central banks to manage the rate at which prices for goods and services rise. High inflation can erode purchasing power, making it difficult for people to afford everyday items. To control inflation, authorities may adjust interest rates, implement fiscal policies, or regulate money supply. Higher interest rates can discourage borrowing and spending, which may help stabilize prices. Effective inflation control aims to maintain a balance where the economy grows steadily without excessive price increases, ensuring economic stability and protecting consumers' purchasing power.