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When prices rises by more than 10%, it is called as ______ inflation.
1. Running
2. Chronic
3. Creepy
4. Walking

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Correct Answer - Option 1 : Running

The correct answer Running

  • A sudden acceleration in the rate of rising prices is referred to as Running Inflation. 
  • When prices rise by more than 10% per annum, running inflation occurs.
  • Though economists have not suggested a fixed range for measuring running inflation, we may consider the price rise between 10% to 20% per annum as running inflation.
  • It requires strong monetary and fiscal measures to control it, otherwise, it leads to hyperinflation.
  • At this rate, inflation is imposing significant costs on the economy and could easily start to creep higher.

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