If you are doing business then inflation is good for you because inflation brings about rising prices and redistribution of income in favour of the better-off classes.
Businessmen, traders, industrialists, real estate holders, speculators, etc. gain because their profits and incomes increase much more than the rise in prices. So they are not affected by the fall in purchasing power when prices are rising.
Moderate inflation is also good because it increases national output, employment and income, whereas deflation reduces national income and brings the economy backward to a state of depression.
Again inflation is better than deflation because when it occurs the economy is already in a situation of full employment. On the other hand, there is always unemployment under deflation.
So as long as inflation is mild i.e. between 3 to 5 percent, it helps the economy to grow. It is only when inflation takes the shape of hyperinflation that it is dangerous.
Inflation is good in the sense that, if it can be put to good use.
Uncontrolled inflation is bad. There is a whole big field called 'inflation targeting' where they study how controlled level of inflation can be put to good use for the economy.
For example :Look at Japan they create high inflation and use it for their own good. This reduces their purchasing power, through fast degeneration of their currency value, and this make their products efficient in the international market. So manufacturers of such products reap profits, it creates export oriented industries in Japan and the government wealth increase through reserves build up. Locally they mitigate the affects of inflation by regulating the economy to be of high wage type, so that citizen won't loose their welfare and utility.
Uncontrolled inflation can be bad, like we see in Zimbabwe, Argentina and Costa Rica, where we saw their currencies failing, putting citizen into trouble and later on they opting for currency union with dollar as their new national currency mechanism. The cause of the world war 2 was spiraling inflation in Germany because of which their government failed and military was given controlled and they resorted to looting to resruct Germany back to life and this grew into world war 2
Inflation is a continuous and influential increase in the overall level of prices, so the temporary increase is not considered inflation. It should be noted that inflation reduces the purchasing power of individuals (the amount of goods and services that can be bought within disposable income as inflation is a constant rise in the prices of goods and services).
Inflation reduces purchasing power and can drastically affect economic processes with other countries until drastic action needs to be taken. Draconian focus on money supply can work as a brake, but can thereby limit future economic health. There are a number of countries that survive these problems but the instability of money based economies has been with the world for hundreds of years. Two hundred years ago, major economies offset these inflationary imbalances through borrowing, but that works less well now as debtor nations then find themselves involved in trade imbalances with lenders.
It is in the line where suddenly due to various to the problem in the range factor come out creating the problem both of Inflation & Deflation the problems also over of effect in the market trend & even in the shares market .
It is in this line I have expressed my views
Inflation is the cause of economic the structure of raw & demand & supply where general level of prices of good & services is rising & also the purchasing power of currency is falling where in order to curb the inflation banking structure play an important part for making the deflation in price structure .
The best would be a fix for everything or anything. But even if fixed there would be problems. None are then good excessively and both are good at times depending on the state of economic and political affairs.