INFLATION PROCESSES AND MECHANISMS FOR ITS REGULATION

The article analyzes the essence, types and factors shaping inflation processes from the perspective of modern macroeconomic theory. The dynamics of the inflation rate in 2017–2025 on the example of the Republic of Uzbekistan is studied based on statistical data. The effectiveness of monetary policy instruments used by the Central Bank (key rate, open market operations, reserve requirement, currency interventions) in regulating inflation is assessed. According to the results of the study, the need to implement structural reforms affecting supply-side factors along with monetary policy is justified in order to reduce inflation to the target level of 5 percent.