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Inflation

Published on Nov 25, 2015

What is inflation, what causes inflation, types of inflation and examples

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1.

Inflation

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2.

What is inflation?
Inflation is a phenomenon of economy that happens when all the prices of goods and services given in country increase

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3.

Factors that cause inflation

  • Increase on demand
  • Importation prices
  • Raw materials prices
  • Declination of production
  • Higher taxes
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4.

Types of inflation

  • creeping:
  • walking: 3%-10% per year
  • galloping: 10%-50% per year
  • hyper: >=50% per year
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5.

Examples of inflation

  • creeping: tacos
  • walking: college bills
  • Galloping: gasoline
  • Hyper: Metro ticket
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References:

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