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in Economics by kratos

Differentiate between creeping and running inflation.

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by kratos
 
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Difference between Creeping inflation and Running inflation are :

| S.No. | Creeping Inflation | Running Inflation |
| 1. | When the rise in prices is very slow like a snail or creeper, it is called creeping inflation. The rate increases at a mild rate, say to 2% per year | When a price rises at a faster rate and is gener ally around 10 to 20% per annum, it is called running inflation. |
| 2. | Such an increase in prices is regarded safe and essential for economic growth. | It is a warning signal indicating the need for controlling it. |

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