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Hockey’s Jadoogar – Dhyan Chand

Dhyan Chand popularly known as hockey's jadoogar. Dhyan Chand was born on 29th August, 1905 at Allahabad. His father was in the British Indian...
HomeLearnEconomyTypes of Inflation

Types of Inflation

a) Wage Inflation:-
– Price of product/service increases due to the increase in wages.
– Inflation caused due to this is known as wage inflation.

b) Pricing Power Inflation:-
– When businessmen/individuals purposely raise their product prices to increase their profits such inflation is known as pricing power inflation.

c) Cost-Push Inflation:-
– If the price of product increases due to the increase in production or maintenance cost such inflation is called cost push inflation.

d) Sectoral Inflation:-
– If the increase in price of one product directly effects increase in the price of other product.

e) Stagflation:-
– When prices continue to rise even though the country is in recession such situation is known as stagflation.

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