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Which of the following types of inflation is ‘large and accelerating’?
- a)Creeping inflation
- b)Galloping inflation
- c)None of these
- d)Hyperinflation
Correct answer is option 'D'. Can you explain this answer?
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Which of the following types of inflation is ‘large and accelera...
Hyperinflation is ‘large and accelerating’ which might have the annual rates in million or even trillion. In such inflation not only range of increase is very large but the increase takes place in a very short span of time, prices shoot up overnight.
Creeping inflation is slow and unpredictable 11 lines which might be called small or gradual. This is a comparative term which puts it opposite to the faster, bigger and unpredictable inflations. Low inflation takes place in a longer period and the range of increase is usually in ‘single digit’.
We may take an example of the monthly inflation rate of a country for six months being 2.3%, 2.6%, 2.7%, 2.9%, 3.1% and 3.4%. Here the range of change is of 1.1% and over a period of six months.
Creeping inflation is slow and unpredictable 11 lines which might be called small or gradual. This is a comparative term which puts it opposite to the faster, bigger and unpredictable inflations. Low inflation takes place in a longer period and the range of increase is usually in ‘single digit’.
We may take an example of the monthly inflation rate of a country for six months being 2.3%, 2.6%, 2.7%, 2.9%, 3.1% and 3.4%. Here the range of change is of 1.1% and over a period of six months.
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Which of the following types of inflation is ‘large and accelerating’?a)Creeping inflationb)Galloping inflationc)None of thesed)HyperinflationCorrect answer is option 'D'. Can you explain this answer?
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Which of the following types of inflation is ‘large and accelerating’?a)Creeping inflationb)Galloping inflationc)None of thesed)HyperinflationCorrect answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following types of inflation is ‘large and accelerating’?a)Creeping inflationb)Galloping inflationc)None of thesed)HyperinflationCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following types of inflation is ‘large and accelerating’?a)Creeping inflationb)Galloping inflationc)None of thesed)HyperinflationCorrect answer is option 'D'. Can you explain this answer?.
Which of the following types of inflation is ‘large and accelerating’?a)Creeping inflationb)Galloping inflationc)None of thesed)HyperinflationCorrect answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following types of inflation is ‘large and accelerating’?a)Creeping inflationb)Galloping inflationc)None of thesed)HyperinflationCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following types of inflation is ‘large and accelerating’?a)Creeping inflationb)Galloping inflationc)None of thesed)HyperinflationCorrect answer is option 'D'. Can you explain this answer?.
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