Galloping Inflation

Galloping inflation or runaway inflation is a term used to describe an extremely high rate of inflation, where the prices of goods and services rise exponentially in a very short period of time. Generally speaking, inflation is considered galloping when the monthly inflation rate exceeds 50 percent.

Galloping inflation can have a variety of causes, including excessive money creation by the government, economic collapse, high levels of government debt, political instability, or external shocks such as natural disasters or war.

Galloping inflation can lead to currency devaluation, causing money to rapidly lose value and reducing people's purchasing power. The effects of galloping inflation are severe and can lead to social unrest, political instability, and economic collapse.