Conclusion

In conclusion, inflation is a phenomenon that affects everyone, regardless of social stature, age, country and so on. Coupled with the fact that our world's population continues to increase everyday while resources remain as scarce as ever definitely raises inflation rates.

The sum of our findings in this research, we can say that inflation is a natural occurrence, of the decreasing value of a currency, which happens because of the way people circulate money in the market. it also seems that inflation happens when there is growth in a country, although, too much of it is not good for the country's economy as well as the people as they are unable to buy more things even if the value of the money is increasing.

The Government of Malaysia and it's central bank is trying to cope with the increasing rate of inflation in the country by trying to reduce the margin of which inflation gradually increases. It is also kept in a cycle of minor inflation and deflation to stabilise it. The government can also implement subsidies, monetary policy, fiscal policy and goods and services tax in an effort to control the rate of inflation.

In an effort to control the inflation so that it does not get out of hand is, to educate the public about the causes and effects of inflation, as well as to keep them informed of the benefits and drawbacks of inflation as well, this may help in managing the rate of inflation with the efforts of the government and the central bank.