Results of inflation targeting in Russia and the world

This article analyzes the practice of inflation targeting in the Russian Federation, the world and in some countries (using the example of the republics of Central Asia – Kazakhstan, Uzbekistan, Tajikistan and Kyrgyzstan) in terms of the theoretical validity of this method and compliance with the criteria of economic growth in these countries and the standard of living of the population. A comprehensive study of inflation targeting by increasing credit rates was conducted: comparative, theoretical and mathematical, which showed that an increase in the key rate makes loans difficult to access and leads to an increase in production costs. As a result of the tightening of monetary policy, the set goals were not achieved, inflation did not decrease, but grew, while the cooling of the economy led to its deceleration. Based on the conducted research, it is also concluded that inflation targeting in developed and developing countries has different results.