Galloping inflation

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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 jumping inflation (Urban, Urbanek, 2015), however Paul A. Samuelson stated that the inflation can be perceived as galloping inflation even up to 200% per year, then the hyperinflation starts.

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