In this paper, the dynamic effect was incorporated into the initiation and propagation process of a transformation inclusion. Based on the time-varying propagation equation of a spherical transformation inclusion with pure dilatational eigenstrain, the dynamic elastic fields both inside and outside the inclusion were derived explicitly, and it is found that when the transformation region expands at a constant speed, the strain field inside the inclusion is time-independent and uniform for uniform eigenstrain. Following the basic ideas of crack propagation problems in dynamic fracture mechanics, the reduction rate of the mechanical part of the free energy accompanying the growth of the transformation inclusion was derived as the driving force for the move of the interface. Then the equation to determine the propagation speed was established. It is found that there exists a steady speed for the growth of the transformation inclusion when time is approaching infinity. Finally the relation between the steady speed and the applied hydrostatic stress was derived explicitly.