Slow but inexorable continuing Inflation that, though it seems tolerable in the short run, nonetheless leads to significant long-run price increases. A sustained inflation of 2% per year will cause prices to increase over fivefold in a century.
| Business Dictionary: Creeping Inflation |
Slow but inexorable continuing Inflation that, though it seems tolerable in the short run, nonetheless leads to significant long-run price increases. A sustained inflation of 2% per year will cause prices to increase over fivefold in a century.
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