🛡️ *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.
♟️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.
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