Chronic inflation

Chronic inflation is when prices of things go up over time. This means it costs more money to buy the same things over time. In chronic inflation, prices usually go up slowly, with little jumps at a time. Think of it like a plane slowly taking off. It takes a long time for it to get off the ground and get higher up into the sky. That's kind of what happens with chronic inflation. Prices slowly creep up until they are too high.