What is meant by creeping inflation ? – InterviewSolution

InterviewSolution

1.	What is meant by creeping inflation ?
Answer» Creeping inflation occurs when there is a sustained rise in prices over time at a mild rate, say around 2 to 3 percent per year. It is also known as ‘mild inflation’. This type of inflation is not much of a problem. It is generally known as conducive to economic progress and growth. In

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