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Inflation — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsInflation2 Marks
Question
Distinguish between running inflation and hyper inflation.
✓

Answer

When prices rise rapidly at a rate or speed of around 10 to 20 percent per annum, is called running inflation.
When prices rise very fast at double or triple digit rates from more than $20 \%$ to $100 \%$ per annum or more it called hyper inflation.

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