Galloping inflation

Updated: Aug 20, 2021

Picturesque term given to very rapid inflation such as that which characterized Germany and several other European countries just after the First World War. Prices rose so rapidly that money quickly lost its value, people lost confidence in the monetary system, and ultimately the system brake down and people resorted to barter.

Reference: The Penguin Dictionary og Economics, 3rd edt.

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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.