| Inflation |
Sustained increase in the general price level of goods and services in an economy over time, leading to reduced purchasing power of money. |
| Deflation |
Sustained decrease in the general price level of goods and services, often resulting in reduced consumer spending and economic stagnation. |
| Hyperinflation |
Extremely rapid and uncontrollable increase in prices, eroding the value of money and disrupting economic stability. |
| Stagflation |
Simultaneous occurrence of stagnant economic growth, high unemployment, and high inflation, contrary to traditional economic theories. |
| Creeping Inflation |
Gradual increase in the general price level at a rate of 1-3% annually, considered normal and manageable. |
| Galloping Inflation |
High inflation ranging from 10% to several hundred percent per year, eroding savings and economic planning. |
| Demand-Pull Inflation |
Rise in prices due to demand exceeding supply, often occurring during periods of strong economic growth. |
| Cost-Push Inflation |
Increase in prices caused by higher production costs, such as rising wages or raw material expenses. |
| Built-In Inflation |
Cycle of rising prices and wages as workers demand higher wages to match inflation, contributing to a continuous cycle. |
| Structural Inflation |
Inflation resulting from supply and demand imbalances due to structural factors like technology changes or market conditions. |
| Open Inflation |
When rising prices are publicly acknowledged and factored into economic decisions, including wage negotiations. |
| Suppressed Inflation |
Prices rise but are officially reported at a lower rate due to government intervention, subsidies, or price controls. |
| Repressed Inflation |
Artificially keeping prices low through government controls despite demand exceeding supply, leading to potential future price spikes. |
| Disinflation |
Decrease in the rate of inflation, indicating the general price level is still rising but at a slower rate, often a transition to more stable inflation levels. |