Read the headline, it says Part 2 (A). Why this subpart? When we decided to look at inflation, we assumed that we would be able to explain it in one article. But it is too big and complex a subject.

Monetary policy guides inflation and economic growth. Learn what it means, the main types, and how central banks manage interest rates and stabilize the economy.

For a century, economists have taught us to fear falling prices. But the deflation phobia stems from a misreading of the ...