The Banking Executive Magazine - July 2022 Issue

Back to Basics INFLATION BACK TO BASICS WHAT ARE THE CAUSES OF INFLATION AND WHO CONTROLS IT? -INTRODUCTION This article sheds light on the accel- erating trend of rising world inflation. The article alerts banks and govern- ment authorities in Arab countries to address the challenge by going back to the basic causes of inflation in order to solve the problem from its root bases. Following the highlight of this alerting rising inflation trend, the article goes back to the basics of in- flation. The article overviews the var- ious types of inflation and causes, measures of inflation, control of in- flation, impact of inflation on various economic stakeholders, hedging against inflation, and the relationship between inflation and recession. The article concludes with recommenda- tions for Arab banks and authorities to go back to the basics to tackle the inflation problem starting from its root causes. the BANKING EXECUTIVE 38 ISSUE 163 JULY 2022 BY DR SOHA MAAD