hyperinflation

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hyperinflation

(ECONOMICS) an extreme type of INFLATION in which a very rapid exponential growth in prices occurs. The classic instance of hyperinflation was in Germany in 1923. But there have been many instances since, e.g. Hungary in 1946, when a daily doubling of prices occurred, and Argentina in the period after the Falklands War.
References in periodicals archive ?
The IMD report on the progress the monsoon is not good news the government, which is struggling to rein in galloping inflation.
For the last decade or so, the country has been passing through a long spell of policy paralysis and rampant corruption in all walks of life besides a serious economic slowdown, galloping inflation and negative industrial growth.
In this age of skyrocketing prices and galloping inflation it is hard for me to buy even potato from market which is considered cheaper and accessible genre of vegetable for the poor people.
Buenos Aires: Argentine President Cristina Fernandez is expected to lose some of her congressional clout in Sunday's midterm election as the ailing leader faces complaints over galloping inflation and a weakening currency.
But the non-availability of medical facilities in public sector has turned the area into hometown of fatal diseases for the disadvantaged in this era of galloping inflation .
Amid recovery from an economic crisis that saw mass unemployment and galloping inflation, Mugabe loyalists insist their hero is "tried and tested".
Poor governance, deteriorating law and order situation, repeated breaches of sovereignty, widespread corruption, galloping inflation, unprecedented load shedding, massive unemployment and increasing poverty have left the citizens in a vicious cycle of pain and suffering.
For example, from a 450% galloping inflation in 1984, Israel managed to hold inflation in check at 1.
The recent fuel price hike has added to the woes of the lower and middle classes in the country, who are finding it extremely difficult to meet their household expenses due to galloping inflation.
IN a distant echo of present financial troubles, the Conservative Government of 1972 froze pay and prices this day in a bid to curb galloping inflation.