Creeping inflation implies that there is a gentle and persistent increase in the general price level. This means that over time, the average price of goods and services in an economy gradually increases, but at a relatively slow pace. This type of inflation is also known as "mild" inflation, and can be caused by a variety of factors such as increases in production costs or increases in the money supply. While creeping inflation is generally considered to be less harmful than rapid inflation, it can still have negative effects on the economy, including reducing the purchasing power of consumers and eroding the value of savings.