Types Of Inflation On The Basis Of Speed: <br>1.Creeping inflation: the inflationary rate is less than 2% that means prices are increasing gradually. <br>2.Walking inflation: the inflationary rate of a country is around 5% little more than creeping. <br>3.Running inflation: the rate of growth in prices are more i.e. the inflation is growing at the rate of 10%. <br>4.Galloping inflation: higher growth rate compared to the earlier stages i.e. the change is around 25%.

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According to Keynesian economists, inflation comes in two varieties: demand-pull and cost-push. Demand-pull inflation occurs when consumers demand goods, possibly because of the larger money supply, at a rate faster than production. Cost-push inflation occurs when the input prices for goods tend to rise, possibly because of a larger money supply, at a rate faster than consumer preferences change.

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According to economist Coulborn, "too much money chasing too few goods" is a description of inflation. This is a definition of it as a monetary phenomenon rather than a phenomenon of rising prices. This is a common view perspective of the situation.

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