Abstract
The article presents the results of a comparative analysis of inflation in the Russian Federation and in the largest countries of the world. The author places emphasis on the characteristics of the reduction in purchasing power of the national currency and the reallocation of money income as a result of changes in prices for goods and services that it had caused. Inflation indicators, inflation tax, effect of inflation on the economy are identified and featured subsequently. Characteristics of inflation dynamics in Russia 2000-2012 are compared with that in the five countries representing the main types of modern market economies - in developed countries (Germany, USA, Japan), and rapidly developing countries of Asia (China, India). The rate of economic growth, price raising and the share of this factor in the growth of the GDP at current prices, inflation tax levels and its correlation with taxation indicators in the financial statistics, proportion of the inflation tax distribution by the use of elements of GDP and economic sectors are considered. The author presents the effects of inflation on the dynamics of compensation of employees, differentiation of the final income, balancing the state budget, proportion of gross savings, fixed capital formation and net lending to the economy. Based on the research results are drawn the conclusions concerning the role of inflation in the operation of market mechanisms in the countries under review, along with content and the effectiveness of their anti-inflationary policy. The author proposes an enlarged set of macroeconomic indicators that meets the objectives of the inflation analysis.