If you’ve ever had a conversation that addresses how going to the theater, ordering dinner, or carrying out another regular activity used to be less expensive, you’ve discussed the concept of inflation. Over time, prices tend to shift upward, though the pace of their upward trajectory is not always consistent. On occasion, economic circumstances can also cause a reversal in prices, and you may watch costs drop quickly. The rate of inflation is frequently used as an indicator that signals how the economy is faring. With that in mind, what rate is considered acceptable? And what types of rates signal economic trouble? The following is an overview of different inflation levels, along with what each may mean for the present and future times. Creeping Inflation When inflation rates hover around 3 percent or under, they are often referred to as “creeping inflation.” This type of inflation is usually considered to …