What is another word for runaway inflation?

Pronunciation: [ɹˈʌnəwˌe͡ɪ ɪnflˈe͡ɪʃən] (IPA)

Runaway inflation is a term used to describe a situation where there is a rapid increase in prices, leading to a loss in the purchasing power of money. This can have severe consequences on an economy, leading to increased poverty, unemployment, and social unrest. Synonyms for runaway inflation include hyperinflation, out-of-control inflation, unbridled inflation, and rampant inflation. Other related terms include price spiral, price explosion, price inflation, and cost-push inflation. All these terms refer to the same phenomenon of inflation spiraling out of control, leading to an economic crisis that can be difficult to resolve. Governments around the world use various policies to control inflation and stabilize their economies before the situation becomes dire.

What are the hypernyms for Runaway inflation?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Runaway inflation

  • When runaway inflation and bank failures struck in Germany in the 1920s, the middle class was destroyed, which led directly to the rise of the Nazis.
    Nick Clooney
  • The reality is that zero defects in products plus zero pollution plus zero risk on the job is equivalent to maximum growth of government plus zero economic growth plus runaway inflation.
    Dixie Lee Ray

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