Relationship between Inflation and Other Macro Economics Factors: Comparative Study of Germany, Japan and New Zealand

One of the major concerns in different countries today is to manage inflation and resources according it. Even though there are many factors that affect economic growth can inflation, concern this research regarding Consumer Price Index. The first objective study investigate relationship between consumer price index Agricultural Land, Urban Population, Trade, Military Expenditure, Primary Energy Consumption, Natural Gas Flaring, Oil–Refining Capacity. This includes time series data from 1980 2020. Johansen's cointegration method used find cointegration, significance long-run short-term variables tested. findings conclude case Germany, normalized coefficients show index, Oil Refining Capacity, Consumption have a positive significant impact, Whereas Population has negative impact on index. On other hand, Japan impact. if we talk about New Zealand, their long run coefficient shows Flaring Similarly, results Germany-adjusted Expenditure significant, while primary consumption trade with According Capacity short run. study, therefore, recommends governments should take more initiatives increase urban population because these activities help decrease Japan.