(c) Running Inflation: When prices rise rapidly like the running of a horse at a rate of speed of 10% - 20% per annum, it is called running inflation. Its control requires strong monetary and fiscal measures, otherwise it leads to hyperinflation.
Also asked, what are the different types of inflation?
There are four main types of inflation, categorized by their speed. They are creeping, walking, galloping and hyperinflation. There are specific types of asset inflation and also wage inflation. Some experts say demand-pull and cost-push inflation are two more types, but they are causes of inflation.
What are some examples of inflation?
Definition and Example of Inflation. Inflation is an economic term that refers to an environment of generally rising prices of goods and services within a particular economy. As general prices rise, the purchasing power of the consumer decreases. The measure of inflation over time is referred to as the inflation rate.