- Cost push inflation
- By controlling the wages and salaries in the economy
- Restricting import on raw materials
- Reducing taxes on production
- Subsidizing the production
- Employing the price control techniques
- Demand pull inflation
- Increasing the rate of interest of lending to the commercial banks
- Selling govt. securities on O.M.O
- Increasing the commercial banks cash/liquidity ratio
- Increasing the compulsory deposits from the commercial banks to the central bank
- Putting in place the selective credit control measure
- Directives to the commercial banks
- Request to the commercial banks
- Reducing govt. expenditure
- Increasing income taxes
- Producing commodities that are short in supply
- Restricting terms of hire purchase and credit terms of sale
- Controlling export