Runaway or Galloping or Hyper – Inflation:
This is a serious kind of inflation. For illustration, it was experienced in Germany after World War I and in Hungary and China following to World War II. In this condition, prices mount to a very huge extent at high speed and high prices have to be paid even for despicable things. And money becomes quite valueless and latest currency has to be introduced. This situation is termed as galloping inflation or hyper-inflation.
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