This article is aimed at studying the place, causes and consequences of inflation in the economic system, in which the experience of monetary policy of Uzbekistan after independence is widely covered. Definitions given by various economists are given to the concept of inflation. The article also deeply analyzes the causes of inflation - wrong economic policy of the state, problems in monetary and fiscal policy, external economic factors, imbalance of supply and demand. The results of inflation are analyzed through such circumstances as the decrease in the standard of living of the population, the impact on the economic condition of enterprises and organizations, and damage to economic stability. The article presents international and national experiences on inflation control methods, in particular, inflation targeting, monetary policy balancing and price stability. Uzbekistan's reforms to reduce inflation in the years after independence, monetary reform (denomination), and measures to ensure the stability of the national currency are noted separately.