The financial encyclopedia uses cookies to improve your user experience. Find out more here!


       

 

Galloping inflation
 

 

Picturesque term given to very rapid inflation such as that which characterized Germany and several other European countries just after the First World War. Prices rose so rapidly that money quickly lost its value, people lost confidence in the monetary system, and ultimately the system brake down and people resorted to barter.

Reference: The Penguin Dictionary og Economics, 3rd edt.