ANALYSIS OF INFLATION PROCESSES IN UKRAINE FOR 2012-2017 AND THEIR IMPACT ON ECONOMIC GROWTH

There were generalized the theoretical positions about the essence of the concept "economic growth" in the article and it is proposed its subsequent interpretation. It is a stable positive dynamics of the main economic indicators of the national economy (increase of gross domestic product, gross national income, national income), which ensures the social progress. It is generalized the previous researches on the inflation's impact on the economic growth in the long and short-term periods. It was conducted an analysis of the economic and inflation dynamics of 2012-2017. It was the causal relationship between inflation and economic growth for the analyzed period. It is established the closeness and reliability of connection between the analyzed categories. It has been proved that in 2012-2017 the inflation growth by 1% reduced the economic growth by 0,86%.