Creeping inflation is a situation in which the rate at which price level rises is ___________.

very high

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high

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moderately high

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slow

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Solution

The correct option is D slow
Creeping inflation is an alternative term for persistent inflation. A gradual inflation of less than $3 %$ annually, but consistent increase in the general price level at a slow pace.

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Similar questions

List - I (Type of Inflation)	List - II (Characteristic)
A. Demand-pull Inflation	1. Initially price rises
B. Cost-push Inflation	2. Price-rise controlled by rationing and other means
C. Suppressed Inflation	3. Inflation in which prices increase as a result of increased production costs, as labour and raw materials, even when demand remains the same
D. Creeping Inflation	4. Inflation in which rising demand results in a rise in prices. 5. Fall in price of raw materials

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