Inflation

What is it?

It is defined as a continous and persistent increase of the prices, goods and services; implies the reduction of the capacity of adcquiring money

Which are the types of inflation?

• Creeping(mild) inflation: is when prices rise 0-3% a year.
• Moderate (walking) inflation: is when prices rise 3-10% a year
• Galloping inflation: When prices rise by more than 10-50% per year.
• Hyperinflation: Is when the prices skyrocket more than 50% per month(600% per year

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