how do you lower inflation?

[Anthropoid]

Thanks! Yeah it would seem that raising domestic prices IS in fact the way to do it the info in the Econ Minister Priority window for Inflation Control is wrong.

•B. High domestic prices generate you more profits without increasing inflation.

[oaia]

Considering you have a single world currency system, i would imagine Inflation not mettering all that much, since IRL it mostly is a tax on money assets(due to goverment printing more money than demand), and a way to decrease domestic wages and boost international competitivness, without doing it openly and thus less politically damaging. Sure it get`s more complicated than that if you factor in the foreingers buying currency, but, realistically it should hardly have any effect on your prices and profits in "international dollars", exept for labour cost.
Ofcourse high inflation may mean you need to spend money fast, since it decreases in value over time, but you should never try to sit on a pile of cash anyway.

What effects of inflation in game are, IDK, i would go with the answer "none".