What is creeping inflation?
A) Inflation that continues to rise but slowly.
B) Inflation that suddenly appears without warning.
C) Price levels that suddenly rise without warning.
D) Price levels that continue to rise but slowly.
E) Inflation that suddenly appears and creates panic.

Question

Quizplus · Accepted Answer

Creeping inflation is a situation in which the price level slowly and steadily rises over a period of time. It can be caused by factors such as an increase in demand, rising production costs, and monetary policies. Unlike hyperinflation or sudden spikes in price levels, creeping inflation is a more gradual and predictable economic phenomenon.

What Is Creeping Inflation