INFLATION

TYPES OF INFLATION

• Creeping -
• Walking - 3-10%
• Moderate(Creeping & Walking) - less than 10%
• Galloping - 20-1000%

CAUSES OF INFLATION

• When the supply of money circulating is bigger than the demand of it
• Import prices: natural inflation between countries
• When the demand and the production doesn't increase at the same time of the supply.

CONSEQUENCES

• The pension is not enough to mantain the population
• Students can't pay for their studies