Galloping inflation

Page in progress

Galloping inflation- The process of steadily rising prices and costs in the economy is known as inflation. As seen by the amount of money and the number of items that can be purchased, inflation reduces the purchasing power of money. When indicators rise by 30–40% annually and inflation rates are growing quickly, this is referred to as galloping inflation or high inflation. (Urban, Urbanek, 2015)

This is an article stub. If you are able to help improve this article, please feel free to edit it.