-Gradual inflation/Persistent/Creeping-it occurs where there is slow and persistent rise in price levels
-Hyper/Galloping/run away-is a situation whereby the prices rise rapidly whereas the values of money reduces/declines very rapidly
-Demand pull inflation-arises due to excess demand in the economy especially when the sources are fully employed
-Cost push inflation-arises because of increase in costs of production
-Imported inflation-is brought about by high cost of impprts
-Mild inflation-is gentle rise in price
-Stagflation-this is very high level of inflation characterized by unemployment or lack of demand
Wincate 1 answered the question on September 29, 2017 at 13:44
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