Question

Creeping inflation : 2% to 3% Running inflation : ?
(a) 8% to 9% (b) 8% to 20% (c) 3. 3% to 8% (d) 20% to 40%​

Answer 1

When the rate of inflation slowly increases over time. For example, the inflation rate rises from 2% to 3%, to 4% a year. Creeping inflation may not be immediately noticeable, but if the creeping rate of inflation continues, it can become an increasing problem.