2023-08-29 15:49:00
TYPES OF INFLATION:
Depending upon the range of increase, and its severity, inflation may be classified into three broad categories.
□ LOW INFLATION.
Such inflation is slow and on predictable lines, which might be called small or gradual
Low inflation takes place in a longer period and the range of increase is usually in ‘single digit’.
Such inflation has also been called as ‘creeping inflation’.
□ GALLOPING INFLATION.
This is a ‘very high inflation’ running in the range of double-digit or triple digit (i.e., 20 per cent, 100 per cent in a year)
Other names to this inflation are hopping inflation, jumping inflation and running or runaway inflation.
□ HYPER INFLATION.
This form of inflation is ‘large and accelerating’ which might have the annual rates in million or even trillion.
14.4K viewswarrior, 12:49
G
