Types of Inflation

1. Demand-Pull Inflation

Results from demand surpassing supply, causing rising prices.

2. Cost-Push Inflation

Occurs when increased production costs lead to higher consumer prices.

3. Built-In Inflation

Reflects the cyclical dance between rising wages and prices.

4. Hyperinflation

Characterized by a rapid and excessive increase in prices.

5. Stagflation

Presents a challenge as inflation coexists with economic stagnation.

6. Open and Suppressed Inflation

Political dimensions impact inflation acknowledgment or manipulation.

7. Creeping Inflation

Gradual price increases quietly erode purchasing power over time.