Galloping inflation
Inflation that develops at a rapid pace / From Wikipedia, the free encyclopedia
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Galloping inflation (also jumping inflation) is one that develops at a rapid pace (dual or triple-digit annual rates), perhaps only for a brief period.[1][2] Such form of inflation is dangerous for the economy as it mostly affects the middle and low-income classes of population.[3][4] Importantly, galloping inflation can precipitate an economic depression.[5] Nevertheless, galloping inflation can still be accompanied by real economic growth.[6]