IMPACT OF INFLATION ON LIVING STANDARDS: A COMPARATIVE ANALYSIS OF DEVELOPED AND DEVELOPING COUNTRIES

In the article the influence of the impact on the standard of living in conditions and in countries with an indicator of changes in the mechanisms of evolution and social consequences. The comparative analysis of macroeconomic indicators, income and level of expression in twenty inflationary processes is carried out. It is found that developed countries, with more stable economic institutions and effective monetary policy instruments, enhance the ability to mitigate inflationary effects. At the same time, developing countries face problems with serious poverty and social instability caused by unstable economic structures and weak regulation. The paper offers recommendations for improving the policy of control and social protection depending on the level of economic development.