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 Form 4 online business studies lessons on inflation

What are the levels of inflation ?

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Answer Text:
Levels of inflation:
Creeping inflation:
-price rise is too slow over long period of time. People may not notice it.
moderate inflation:
-price increase is mild or moderate but can be moticed.
Rapid/persistent/galloping inflation:
-general rise is high and fast enough to cause concern to
individuals and policy makers.
Hyper/runaway inflation:
-rate of price increase is very high and could rise to 100% and over. It may lead to loss of confidence to the local currency.