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"R.I.P., inflation. You had a good run, but it's over now that prices are rising less than 1 percent in the United States, United Kingdom, Europe, China, and Japan." Inflation is one of the main effects of economic growth in a country, indicating that the economy is in the "boom" phase. However, after a boom there will always come a recession, meaning that rates of inflation will decrease and give way to the problem of unemployment.

This article is about inflation, deflation and their effects on the USA. After a long period of deflation and American economy's struggling period; there has finally been a state where inflation and deflation are not to be worried anymore.

According to official data, Britain's inflation rate fell to zero last month, setting the stage for a period of falling prices first time in half a century.

Here is another point of view to the possible outcomes of government interventions to inflation. In US' case it is Federal Reserve Bank who is the decision mechanism that determines the monetary policies.

Inflation is expected to fall to a fresh record low of just 0.1% when figures are released today, as Britain heads for a period of deflation. A fall in the consumer prices index in February from 0.3% in January would provide a further boost for households already benefiting from falling fuel and food prices.

The eurozone could well weather Grexit-should it come to that. But would it be able to survive a serious bout of inflation that could ultimately result in other states questioning their membership? Well that's another matter entirely. Right now, the markets are focused on negotiations between Greece and its eurozone creditors.

This article indicates the The Reserve Bank of India's expectations of inflation to remain near current elevated levels for the remainder of the fiscal year that ends in March.As I see ınflation is a big worry for countries and it has an important place in economics.

According to the article, the Federal Reserve may be increasing interest rates in early 2015, increased rates anticipated to come much later in the year. Fed-Watchers and analysts may begin to see the accelerating wage and price inflation, as well as unemployment rates reaching NAIRU. This article also explains some key elements in our learning for this week such what NAIRU is, pressuring on wages, effects of low unemployment rates, etc...

This is an article about the regulation of diesel price by using the price mechanism. An the effect of this regulation on the inflation.

Venezuela is currently experiencing extreme scarcity levels in basic items and is also suffering from one of the world's highest inflation rates. Their economy isn't looking good.

This article is about how China decides to set some price controls on certain markets in order to prevent inflation and provide its citizens with better living standards and enable the businesses to operate in a healthier way.

This article focuses on the effect of skyrocketing grocery goods prices and different supermarket chains or grocery stores' customers' reactions to the increment of prices. It makes a clear comparison between stores with loyal customers who don't mind the changes and customers with low budget and these two groups' priorities and choices.

WASHINGTON -- The share of unemployed Americans who receive unemployment insurance benefits has dwindled to its lowest point in decades, thanks in part to benefit cuts in Republican-led states. Just 23.1 percent of unemployed workers received state unemployment benefits at the end of 2014, according to a new analysis by the Economic Policy Institute, a liberal Washington think tank.

Germany's consumer price index fell 0.3% month-over-month in January. It's the first time the inflation rate went negative since September 2009. Deflation is when prices fall, consumers and businesses often hold back on purchases hoping for even lower prices to come. This article examines the economic risks of dropping prices and what it could mean in the future for Germany and Europe.

A bumper crop of grains has decreased the price for corn, soybeans and wheat. This is a good example as to how a non-price determinant of supply can effect the prices of products, which in turn cause an increase in demand. Although this may be good for the average consumer, economists need to make sure that inflation doesn't fall too low, or cause deflation. This could cause corporate profit losses, causing wages to lower, which could potentially cause the economy to go into a recession.

Australians' standard of living improved in the past year as a rise in the cost of living was outpaced by average income growth, new analysis shows. The cost of a typical basket of goods increased by 1.4% throughout 2014, compared with income growth of 2.7%, according to the report by the National Centre for Social and Economic Modelling (Natsem) and analytics provider SAS.