25 Definition of Inflation According to Experts (Full Discussion)
25 Definition of Inflation According to Experts (Full Discussion) – Inflation, what comes to your mind when you hear the word inflation? If you go to school or study in economics, surely you are already familiar with this word. What is inflation? Inflation is one of the economic diseases in all countries. If you want to find out in full, see the following review.
25 Definition of Inflation According to Experts (Full Discussion)
Let's discuss in detail about what inflation is
Definition of Inflation According to Experts
The following are some explanations about inflation explained by experts:
1. Investoword
The definition of inflation in his opinion is an increase in the general price of all goods and services in a country economy which is generally measured by the consumer price index (Consumer Price Index) as well as the Producer Price Index (Producer Price). Index).
2. Wordnet 1.6 (Princeton University)
Which states that inflation is a general increase in prices which is progressive; (when inflation is happening, everything will become more valuable except money).
3. English Dictionary of American Heritage IV edition
It is written there that inflation is a continuous increase in the consumer price level and a continuous decrease on the purchasing power of money, this is due to an increase in the available currency and credit outside the proportion of goods and services available.
4. Webster's New Universal's Complete Dictionary (1983)
It is written there that inflation is an increase in the amount of currency in circulation which is this can result in a sharp and sudden drop in the value of a currency as well as an increase price.
5. Investopedia
Quoted from Investopedia which explains that inflation is the ratio of an increase in the general price level for goods and services, which in turn decreases purchasing power.
6. economicshelp.org
That inflation here can be interpreted as a continuous increase in the overall or general price level in an economy. This inflation means there is an increase in the cost of living.
7. Nopirin
Which explains that this inflation is a process of an increase in prices in general and also moves continuously. For example, such as price increases on primary goods which are daily necessities.
8. Nopirin (1987:25)
He explained that inflation is the process of increasing the price of goods in general with a continuous period of time within a certain period.
9. A. P Lahninflation
The definition of inflation in his opinion is a condition where there has been excess demand for various goods in overall economic activity.
10. Dwi Eko Waluyo
He stated his opinion that inflation is a form of economic disease which often occurs and is also experienced in almost all countries. The tendency of an increase in a price which in general will take place on an ongoing basis.
11. Parkin and Bade
They expressed the opinion that inflation is a shift of the price level that is directed upwards. Fundamentally, this has to do with price, which is often mentioned as well as how much money (rupiah) is required to obtain the item.
12. Marcus
He explained his opinion that inflation is a value when the level of the price of a good or service is increasing.
13. Rahardja
Inflation, according to his opinion, is a tendency for prices to move continuously to increase in prices that are generally. When the prices of most goods are generally increasing, it is called inflation.
14. Mc. Eachern
He explained that inflation is a condition in which price increases can occur continuously at an average level at a price in general.
If this price level starts to fluctuate (current month is up while next month is down) at that time there was an increase in every price which was not included in a form inflation.
15. Nanga
Inflation, in his opinion, is a symptom when the level of 1 price is generally experiencing a continuous increase. However, if the price increase occurs at one time, this cannot be called inflation.
16. Rimsky K. Judisseno
He explained that inflation is included in one of the events when a financial condition is on a country is experiencing weakness, so the value of its currency decreases, or the price of goods increases go on. In meaningful conditions, a country is experiencing a decline in the value of its currency.
17. Sadono Sukirno
Belaiau argues that inflation is a process when there is an increase in prices prevailing in economic activity.
18. Gerald J. Thuesen and W. J. Fabrycky
They explained that the notion of inflation is a condition in which it shows a change in the price level in an economic activity.
19. Weston and Sopeland
They argue that the definition of inflation according to is a condition in the economic sector that is being experience an increase which is at the highest price level and cannot be prevented or controlled return.
20. Winardi
In the opinion of Winardi who explained that inflation is a time during a certain period, which is ongoing when a power to buy monetary units decreases. In this explanation it can appear if the value of money deposited will circulate more than the amount of goods or services offered.
21. Wikipedia
Quoted from Wikipedia which defines Inflation is a process in which prices increase in general and this too takes place continuously and also has to do with market mechanisms that can be caused by various kinds factor.
22. Bank Indonesia
Here, BI defines inflation as the Inflation Targeting Framework. "Inflation is a tendency for prices to increase in general and continuously or continuously".
23. KBBI
Quoted from KBBI which explains that inflation here can be interpreted as a state of decline in the value of money (paper) because there is a large amount and speed of money (paper) circulating so that it can cause an increase in the price of a goods.
24. Bambang and Aristanti (2007)
They argue that inflation is a process in a continuous increase in general prices. The occurrence of this inflation will lead to a decrease in the purchasing power of the people. This happens because in inflation there will be a decrease in the income level of each individual.
25. Sukwiaty, et al (2009)
According to them, inflation is a process that is not related to highs and lows in the price level. So, don't think that if the price level of an item is high, it means inflation. This inflation takes place if the process of increasing prices continues and this affects each other.
Based on the above understanding which we can briefly conclude that inflation is increase in prices of general goods and this happens continuously.
Thus a brief discussion about 25 Definition of Inflation According to Experts (Full Discussion), I hope it can be useful for all of us and apologize if there are any shortcomings. Thank you 🙂
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