Types of inflation:
Gen Rule: Money
Supply Growth > GDP = INFLATION
Demand Pull Inflation:price levels rise because of an imbalance in the aggregate supply and demand. When the aggregate demand in an economy strongly outweighs the aggregate supply, prices increase.
Cost-Push Inflation: develops because the higher costs of production factors decreases in aggregate supply (the amount of total production) in the economy. Because there are fewer goods being produced (supply weakens) and demand for these goods remains consistent, the prices of finished goods increase.