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︎TYPES OF INFLATION LOW INFLATION #Inflation Such infat | UPSC Economy

TYPES OF INFLATION

LOW INFLATION

#Inflation

Such infation is slow and on predictable lines, which might be called small or gradual.

This is a comparative term which puts it opposite to the faster, bigger and unpredictable infations.

Low infation takes place in a longer period and the range of increase is usually in ‘single digit’.

Such infation has also been called as ‘creeping infation’.

SOURCE - Indian economy by Ramesh singh.