# Inflation, galloping inflation

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- Post ID: 587477
- Modified: 2023-07-25T21:01:53+00:00
- Language: en

## Definition

A rapid and sharp increase in the Prices (loss of purchasing power; loss of monetary value). - For a good worth 1 denarius in the Roman Empire of the year 301, one had to pay already 6'600'000 (no spelling mistake!) denarii in the year 400. A galloping inflation accelerates easily and then leads to high inflation, also called hyperinflation. - In Germany, for example, the USD cost 7.25 marks in 1919 and 4.2 trillion marks in the spring of 1923. At the beginning of 1923, the price of 1 liter of milk had risen to 2,000 billion marks, the postage for a letter cost several million marks; over seventeen hundred printers were busy producing new banknotes for the Reichsbank. - See cash franking, makeshift bill, substitute coins, money, moral, hyperinflation country, hyperinflation, cash bill, middle class, squeezed, coinage system, Roman, emergency money, national debt repayment, talent. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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