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What is walking inflation? - Economic Applications

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Question

What is walking inflation?

Answer in Brief
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Solution

  1. Walking inflation is defined as an increase in the average price level of a commodity basket at a controlled rate that does not immediately threaten the stability of the economy.
  2. Walking inflation is the term used to describe inflation that falls between 3% and less than 10%. Although walking inflation is usually seen as a sign of a healthy economy, it might be concerning if it continues for an extended period of time. 
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Chapter 10: Inflation - QUESTIONS [Page 225]

APPEARS IN

Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 10 Inflation
QUESTIONS | Q 5. | Page 225
Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 10 Inflation
QUESTION BANK | Q 3. | Page 226
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