Statistical Analysis of Inflationary Processes’ Impact on Economic Development: Trends, Mechanisms and Models

Abstract

"In the current environment of global economic instability and growing competition, statistical analysis plays a key role in forecasting complex economic phenomena. The inflationary process is one of the crucial aspects that determine the economic situation in a country. Inflation, as a complex phenomenon, has a significant impact on pricing and financial stability. The analysis of the scientific literature shows a growing interest in studying the impact of inflationary processes on economic development. The research in this area reveals various aspects of the interaction between inflation and key economic indicators such as production, employment, and investments. The research findings systematize information on the mechanisms and models underlying the interaction between inflation and economic growth. They contribute to the formulation of strategies for managing financial stability. While writing this article, the authors analyzed the dynamics of the inflation rate in Ukraine over the past ten years. The analysis aims to reveal various factors that affect inflationary processes and their impact on multiple aspects of the economic system. The dynamics of inflation, as well as models that help to forecast economic changes, were determined through the prism of statistical analysis. The study of inflation statistical indicators in the context of economic development aims to broaden the understanding of this phenomenon. It also helps to provide grounds for further research and effective management of the country’s economy. The authors analyze the impact of inflation on economic development, reveal the factors that lead to price fluctuations and unemployment, and discuss the importance of statistical analysis for understanding and managing economic phenomena."