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Banking Term: Inflation

Find important banking term that is useful in upcoming banking exam.

Mar 7, 2015 14:28 IST
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The Persistence and continuous decrease in the value of money due to Excess supply of money in market and decrease in supply of goods and commodities is known as inflation. There are four stage of inflation-

• Creeping Inflation- Below 2%

• Walking Inflation- Between 2-4%

• Running Inflation - Between 4-8%

• Galloping Inflation - 8% Or Above

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