Differentiate between creeping and running inflation. – InterviewSolution

1.

Differentiate between creeping and running inflation.

Answer»

Difference between Creeping inflation and Running inflation are :

S.No.	Creeping Inflation	Running Inflation
1.	When the rise in prices is very slow like a snail or creeper, it is called creeping inflation. The rate increases at a mild rate, say to 2% per year	When a price rises at a faster rate and is gener ally around 10 to 20% per annum, it is called running inflation.
2.	Such an increase in prices is regarded safe and essential for economic growth.	It is a warning signal indicating the need for controlling it.

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