By Investment U Research Team There are four main types of inflation: Creeping, galloping, hyperinflation and walking. Read on to learn more about these types and other related terms.
When goods and services increase in price, it is known as inflation. This is why you used to pay $2 for a gallon of milk, but the same gallon of milk costs $3 or $4 today. Some degree of inflation is positive and shows that the economy is healthy. If inflation increases too much, it can cause major issues.
Economists track inflation by looking at the same basket of goods and services over time. Then, they express these …read more
