3 Indian & AP Economy and Planning · 3.4.3 Inflation and price indices

3.4.3.1 Inflation: meaning, measurement and types by rate

Inflation is a sustained rise in the general price level that lowers what each rupee can buy, measured as the yearly percentage change in a price index.

  • APPSC Group 1
  • Advanced level
  • 5 min read
  • Full course

Key terms

  • inflation
  • price level
  • creeping
  • walking
  • running
  • galloping
  • hyperinflation
  • headline inflation
  • real interest rate
  • purchasing power

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

Read the full note in the app. It is part of the APPSC Group 1 full course in Medha AI. Free in the app: the first chapter of each topic.

Read the full note in the app Indian & AP Economy and Planning questions with answers

All Inflation and price indices notes · APPSC Group 1 syllabus · APPSC G1 Paper I Mock 1 with answers · Start free

Medha AI writes its own notes and checks them against the sources listed. Medha AI is an independent preparation service. It is not affiliated with, endorsed by or connected to APPSC, TSPSC, MPSC, UPSC or any other commission or government body.