Daily Point 2034 - Creeping Inflation

 

The Banking Tutor

Daily Point 2034

Creeping Inflation 

Creeping inflation also known as mild inflation is as the name suggests a very slow rise in prices of goods and services. If the prices increase by 3% or less annually, then such inflation is creeping inflation. Such inflation is not harmful to the economy. This is also known as mild inflation. 

Sekhar Pariti

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