Updated: Aug 20, 2021

An inexact term applied to inflation when it is running at extremely high levels, e.g. in certain central European countries, particularly Germany, in the period following the end of the First World War.

Reference: The Penguin Business Dictionary, 3rd edt.

Sources & references
Risk disclaimer
James Knight
Editor of Education
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.