Which of the following is not a type of inflation based on its speed or intensity?

Correct option is B

The correct answer is (b) Normal inflation
Explanation:
• Inflation is classified based on the rate or speed at which prices rise.
• Slow/Creeping inflation is when prices rise very slowly (typically 2-3% per year).
• Rapid/Galloping inflation is when the inflation rate reaches double or triple digits (e.g., 20%, 100%).
• Hyperinflation is an extreme form where prices rise at an exceptionally high and accelerating rate (over 50% per month).
• "Normal inflation" is not a standard economic term for a specific type based on speed; rather, economists use "Creeping" or "Walking" to describe low/moderate rates.
Information Booster:
• Inflation is also classified based on causes: Demand-Pull inflation (too much money chasing too few goods) and Cost-Push inflation (increase in cost of production).
Additional Knowledge:
• Walking inflation is typically between 3% and 10% per year, which is harmful but manageable compared to galloping inflation.