creeping inflation

Definition

This term seems to be used both for a rate of inflation that is low but nonetheless high enough to cause problems, and for a rate of inflation that itself gradually moves higher over time.

Use creeping inflation in a sentence

You may notice that there is some creeping inflation and you should come up with a plan to adapt to it.

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We were mildly concerned with the prospect of creeping inflation, but other than that our outlook on the next year was bullish.

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I did not notice that prices at the grocery store were rising each week because we were not in a recession; it was the impact of creeping inflation on food costs.

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