A double digit number, triple digit number........
A good description of "inflation" is an increase in prices and a fall in the value of money. Inflation is usually represented as a percentage increase for one month over the same month the previous year. Double-digit inflation is when this percentage is greater than 10%. If inflation rises even more than 100% (i.e. prices are twice s high as last year) it is usually called "hyper-inflation".
Inflation was the same thing back then as it is now. Inflation rates were and are different in different countries, so the amount of inflation in each country is always different, depending on the solidity of the local currency. In Britain the inflation rate in 1900 was 4.5%. In the USA it was 16.9% but then fell to -2.4 the next year. Inflation rates in the US changed greatly from year to year and were often double-digit (but sometimes that was double-digit deflation)
the 444-day Iranian Hostage Crisis and double-digit inflation
He helped lower double-digit inflation rates in the early 1980s and ushered in an era of financial deregulation and innovation.
Here are two reasons in a nutshell: Iranian hostages and double-digit inflation.
Based on the information that I've read, moderate inflation is the single digit increase in general price level.
Walking inflation: When the price rise is moderate (is in the range of 3 to 7 %) and the annual inflation rate is of a single digit, it is called walking inflation. It is a warning signal for the government to control it before it turns into running inflation.
Well its complicated to explain.
add numbers below to each number at the top