Introduction. In modern conditions, infl ation is a topical problem of Russian economy, which occupies a key place in economic science and economic policy. Identifi cation of the infl ationary processes development specifi cs in modern Russian economy is signifi cant from the point of view of developing eff ective anti-infl ationary regulation measures. Theoretical analysis. The article clarifi es the content of infl ation as an economic category. The concepts of «repressed infl ation» and «hidden infl ation» are distinguished.